According to data from Transporeon, a German software company, there has been an increase in the number of freight groups rejecting contracts to move goods from France to Britain during the second week of January, resulting in price rise underscoring the impact Brexit and COVID-19 is having on the UK’s economy.
Transporeon provides a network for suppliers, shippers and retailers, of more than 100,000 logistics service providers. It said prices were up by 47% compared with previous year prices during the same quarter. It also said, prices had shot up by 39% in the first week of January.
According to the data, freight forwarders are rejecting jobs from companies they are contracted to serve when it comes to moving goods to Britain. The rejection rate shot up to 168% during the third quarter, compared with a 102% jump in the first calendar week of the year.
Following the UK leaving the European Union, businesses across Britain have struggled to export goods to Europe; this is especially pronounced for small firms unaccustomed to filling lengthy declarations.
According to an estimate from the haulage industry, around 80% of truck drivers operating between Britain and France are employed by European firms. Transporeon went on to add, freight forwarders had also rejected jobs to move goods from Germany, Italy and Poland into Britain.