Haulage Provides Indicator of Recovery

The UK haulage sector is worth an annual £124bn to the UK national economy. It is hugely representative of the productivity of other sectors in the UK and therefore provides the perfect
barometer when looking at signs of recovery following the pandemic. For instance, consumer spending drives the economy, so, if the population is not spending then that reduces the need for the same level of movement of goods, which thereby visibly slows down the haulage market, says Paul Holland of KeyFuels.

So, it’s important to explore the impact the pandemic has had on haulage, as well as the clear signs of recovery as life slowly returns to some form of new normal, as well as how insights from the haulage industry can provide logistics businesses with a clearer picture for the months ahead. The impact of COVID-19 When the UK went into lockdown it meant that consumer spending,
normally spent on the high street, was wiped out almost overnight. However, with many businesses opening up since the government eased lockdown measures, there are encouraging signs
to be optimistic.

What’s more, although construction and manufacturing were put on pause almost immediately, they both showed a strong boost in activity when restrictions were eased, recovering by nearly 20% and 31% volumes respectively from the peak of the virus, according to Keyfuels data. The next phase of the recovery is well under way as high streets and other businesses previously shut down have opened. This is hugely significant because as these ‘non-essential’ sectors (such as retail and hospitality) get back to trading it will help the economy gather momentum and fuel recovery.

you can read the full story from our September issue here: https://flickread.com/edition/html/index.php?pdf=5f3d1fcf3160d#9