Haulage sec­tor ‘faces €180m hit with Brexit’

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - Colm Kelpie

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. See page 4

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.