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In Focus Commercial Credit


Thousands of logistics fi rms reach the end of the road


Closures rise by 75% amongst both logistics and courier companies


David Jinks


Head of consumer research, ParcelHero


New industry fi gures from the Offi ce for National Statistics (ONS) show a huge rise in logistics company closures. In all, 15,005 freight transport businesses failed in the fi rst quarter of 2022 (January to March), compared to 8,590 in the same period last year.


The closures show the sector is being forced


to respond to changes in demand, following the end of Covid lockdowns. Lockdown restrictions forced people into sending their gifts rather than deliver them in person. At the same time, the closure of all non-essential stores created a boom in home


deliveries. The market is now readjusting as friends and families reunite and shoppers fl ock back to the High Street. It is signifi cant that this new ONS Business


Demography analysis identifi es road and courier activities (unlicensed carriers) as the two main sectors responsible for the bulk of


14


www.CCRMagazine.com


May 2022


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