Confidence within UK logistics industry remains low
Confidence in the UK's logistics industry is at a four-year low - reflecting wider concerns about the UK economy and the pressure being placed on the sector by retailers and manufacturers, according to a new study.
Research by Barclays found that confidence has fallen "significantly" over the past year, with pressure on prices identified as the main issue - overtaking previous concerns over lack of drivers and skilled workers.
Firms in the sector are concerned about the impact of the EU referendum as well as slowing demand in China and the eurozone, said the report.
Rob Riddleston of Barclays said: " Confidence in the UK logistics industry has taken a knock from price pressure and increasing competition.
"Under such pressure, the high level of planned capital expenditure is welcome news and reflects the sector's pressing need for investment in technology. "