Haulage News

How can a haulier boost its cashflow for the upcoming Christmas?

The UK logistics industry is very important to the UK economy, being worth more than £75 billion, employing over 2 million people and is currently one of only a handful of sectors actually growing at present.

Despite this positive outlook, many haulage companies face major cashflow problems with the high price of fuel customers taking longer and longer to pay. Driver wages, HP commitments and vehicle repair bills can also stifle cashflow and the upfront cost of the upcoming Christmas period doesn't help matters at all.

How to cut your haulage fuel costs

One thing’s for sure, every haulier needs to find ways to economise on fuel in order to keep their vehicles on the road and help their company remain competitive.

Fuel accounts for around 25% of a vehicle’s running costs and with UK pump prices at or near to record levels, developing an effective business fuel strategy is an imperative.

The following tips, supplied by AllStar, a UK leading fuel card provider, can help you to reduce your fuel costs effectively:

Invoice Factoring & Invoice Discounting for Hauliers & Couriers

Why wait 30, 60, or even 90 days before your customer pays you? You don't need an expensive bank loan or bank overdraft to get hold of funds to keep your business running. You can get hold of the funds you've earned pretty much as soon as you've invoiced your customer. All you need is an invoice finance facility.

Urgent need for investment in road network says RHA

Enhancements and maintenance of the UK’s national and local roads must start without delay if hauliers across the country are to expand and help the economy grow, according to the Road Haulage Association (RHA).

The RHA’s comments came after Chief Secretary to the Treasury, Danny Alexander, had commented in a speech today to the House of Commons that in 2040, without investment now, almost a quarter of the time motorists spend on the road network will be whilst sat in traffic.

Oil price fixing investigations welcomed

European Commission investigations into alleged price fixing by a number of oil giants have been welcomed by the Road Haulage Association (RHA) and Fair Fuel UK.

Following raids into the offices of the oil companies in questions, there are claims that prices have been fixed for more than a decade. European Commission officials said its investigators made the "unannounced inspections" on Tuesday amid claims that collusion between companies may have occurred in a bid to distort prices.