Growth in domestic road freight was weaker than expected in the second quarter, according to the Freight Transport Association’s Quarterly Transport Activity Survey.
However, respondents expected growth to be stronger in the third quarter suggesting the hope that the Olympics would provide a boost.
The FTA figures found that growth in domestic road freight activity in the second quarter coincided with a 22 per cent fall in the number of road freight operators declaring insolvency compared to the previous quarter.
The outlook for the third quarter of 2012 is more optimistic with a number of sectors anticipating growth. The strongest levels of growth are expected in the wholesale and recycling and waste sectors.