A sector frustrated by challenges
Whilst the recent decline in oil prices has helped many smaller transport providers, a significant element of larger businesses have received limited benefit due to the effect of fuel escalators.
Further sector pressures include: difficulties in achieving growth which efficiently supports existing trunking matrices, increases in staffing costs (following pensions reforms and auto enrolment) and the chronic shortage of qualified drivers with some industry bodies calling for government support.
Margins are becoming tighter, over-supply in some sectors (most notably shipping) from growing international competition, the possibilities of road charging and the growing influence of freight forwarders are all causing additional concern.
Despite these concerns, growth continues to be forecast in line with wider economic trends, albeit at lower levels.
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Our market leading service
With our understanding of the challenges that surround haulage, shipping, storage and warehousing, we are an experienced provider of financial, operational and business advisory services to the freight and logistics sector.
We advise a diverse range of companies, from established family firms through to large corporates, on how to protect and enhance the value of their business. Our clients include cargo-handling companies, freight transporters that use road, rail and water, and providers of post and courier services. We also work closely with intermediaries and banks in the sector including asset financiers and contract hire companies.
We have a dedicated team to handle the complex area of logistics planning and are able to deliver profit improvement and implement appropriate financial structures, including leasing.
We offer solutions and advice in:
- tax and compliance;
- recovery & reorganisation services;
- corporate finance
- strategic advice in operational services such as warehousing and distribution.
We take an active role in the sector, producing newsletters, press releases commenting on issues in the sector and presenting seminars to operators, bankers and other intermediaries.