Steve Parker, Director General at British International Freight Association (BIFA):
“The rising fuel prices reported are not an isolated issue for motorists or haulage operators. They have significant implications for the UK’s entire supply chain and the competitiveness of British businesses trading internationally.
“The UK relies on the seamless coordination of importing and exporting goods, and rising fuel costs across road, sea and air transport create additional financial pressures throughout that process. When the cost of moving goods rises, the impact doesn’t stop with the transport operator. Sustained increases can lead to higher freight rates, additional surcharges and greater uncertainty for importers and exporters. It travels through the supply chain, affecting British businesses, consumers and ultimately the UK’s international competitiveness. These pressures are particularly challenging for smaller businesses, which often have less flexibility to absorb additional costs.
“While freight forwarders are adept at managing fluctuating transport costs, ultimately, the cost of moving goods is an important factor in the UK’s ability to compete internationally. As the Government prepares its Budget, it is essential that the cumulative impact of fuel costs on freight, supply chains and wider economic growth is recognised.
“At a time when UK supply chain resilience has never been more important, maintaining a competitive and efficient freight sector is fundamental to supporting UK trade, investment and economic growth.”
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