Haulage sector 'faces €180m hit with Brexit'
The haulage industry here will suffer a hit of more than €180m in the first year of Brexit alone, it has been estimated. The Irish Road Haulage Association (IRHA) said Brexit was the big challenge for the sector and that it's already impacting on its members because of the weakening in sterling.
"We conservatively estimate that the first year of Brexit will probably cost the sector in excess of €180m," said IRHA president Verona Murphy, in the latest AIB Transport & Logistics Outlook. "That's a lot of money for a sector that is already having to contend with rising costs on a number of fronts and historically very slim margins."
Murphy said the sector was so far happy with the Government's stance and the response to the challenges that it faces.
But she said the Government could do more to ensure that the sector remains competitive, including by designating the licensed haulage sector a special category, as it is in some other European countries.
"The reality is that the sector is the lifeblood of the economy and is responsible for the movement of goods throughout the country as well as in and out," Murphy added.
Sunday Indo Business