Sales for UK and European Road Haulage Firms on the Rise
21st March 2019
Road Haulage firms in the UK have seen a 1.6% increase in sales growth over the last year, according to new analysis.
New data released by Plimsoll Publishing Limited – a leading provider of company and market specific financial analysis – reveals that average sales growth for road haulage companies in the UK has reached 3.5% for the current year.
This represents an increase of 1.6% compared to last year, when average sales growth sat at 1.9%, indicating moderate growth in the sector. However, sales have some way to go to reach the high of 8.9% industry average sales growth recorded in recent year
Whilst the figures are higher than those for UK business more broadly – average sales growth for the UK as a whole currently sits at 0.4% – road haulage firms trail behind their continental counterparts in France, Italy and Spain.
Spanish road haulage companies saw the highest growth in average sales, increasing from 1.8% last year to 4.9% for the current year.
In Italy, average sales growth for road haulage companies sits at 4.4% for the current year. Meanwhile in France it is 4.3% – still some 0.8% higher than UK road haulage firms.
Related UK industries have also been witnessing increases in average sales growth. Over the past year, the Cargo Handling Services industry has seen a rapid increase of 6.3% in average sales growth, up from 2.4% from last year to 8.7% for the current year.
Average sales growth in the Freight Forwarding industry has risen 5.5% over the last year, increasing from 1.9% to 7.4% for the current year. Meanwhile average sales growth for Bonded Warehousing sits at 5.2%, up 1.8% compared to the previous year.
In comparison, in the parcel delivery services industry growth remains more of a mixed picture. Average sales growth for courier firms for the current year is 4.9%, up from 0% for the previous year. However, average sales growth for Same Day Couriers sits at 0.3%, only marginally higher than the 0% growth recorded last year, demonstrating the ongoing challenges the industry faces.