BBCNEWS World Business Report June 4, 2024 05:31:00
Inflation and the rising cost—of—living is hitting many road freight businesses which are already operating on very thin profit margins. and now strike action is affecting rail haulage, on top of recent supply chain issues and staff shortages. it is proving to be a perfect storm for the sector. christmas is usually the busiest time of the year, with an increase in food and products being transported for the festive period. but with rising interest rates and the risk of recession, firms are now bracing themselves for a major slowdown in 2023. joining me now is shane brennan, ceo of the cold...