UK hauliers need help if they are to fight-off foreign competition

By Bridging Loan Directory -

 

Aldermore, the new British Bank, says that UK haulage firms need help if they are to survive against European companies that have access to significantly cheaper fuel.

According to the most recent AA fuel price report, British hauliers pay one of the highest prices for diesel in Europe, second only to Norway. Paying an average price of 142.8 pence per litre for diesel, British firms are at significant disadvantage to European competitors who pay just 125.8 pence per litre in France, 121.5 pence in Germany and 112.3 pence per litre in Spain.

Darren Cottenden, Head of Road Haulage Funding for Aldermore Invoice Finance, said: “With prices on the continent being typically between 15 and 30 pence per litre cheaper than here in the UK, its easy to see why British firms are at such a competitive disadvantage to their European counterparts.

“Business owners are doing everything within their powers to keep costs under control, but it’s impossible to fend-off high fuel prices, especially when there is such a disparity in pricing.

“Aldermore is doing its bit to help with the recent launch of our new fuel card, which gives haulage operators the potential to save up to 3 pence per litre on diesel over a 12-month period. It won’t solve all their problems overnight, but it does enable them to start fighting back.”

The Aldermore fuel card was launched in February this year and can be used in over 1900 refuelling stations across the country. The card is also combined with an invoice finance facility, meaning that firms can release cash tied-up in unpaid invoices.

Cottenden concluded: “Although it will be of little comfort to haulage operators, at least they’re not competing against American transport firms who pay just 66.4 pence per litre for their diesel!”

 

Haulage operators can obtain further information about the Aldermore fuel card by going to www.aldermore.co.uk or by phoning 0800 021 7040.