Prospective increases will be driven by transporters needing to fund operations, whilst only being paid months after the work has been done – in some cases up to three months afterwards.“In the meantime, the next load needs to be moved, and so on, and that all needs fuel for the vehicles. There just aren’t limitless reserves of cash to continue the high level of fuel expenditure against the delayed payment for work already done,” the association lamented.
“That cost will in most cases be borne by the consumer. You and I will pay more for, well, everything. From food to fuel, from clothing to electronic goods and everything in between. Transport costs will also rise. Those that cannot afford to carry loads at the current rates or prices customers are prepared to pay will have to close down.More business closures means more unemployment, less business and revenue driven through the transport sub-sectors, and of course, higher prices at the till.