HGV regulations are costing logistics tens of millions yearly, according to Paragon Software Solutions.
The software company said that while calculating the cost of regulations and restrictions to the industry can be complex, stats show the cost could be considerable.
It said: “Figures from London Councils, an organisation representing the capital’s 32 borough councils and the City of London, show that 4,769 operators and 829 drivers were fined a total of £2.73 million during 2015/16 for breaching the London Lorry Control Scheme (LLCS). However, this is only the tip of the iceberg according to the Freight Transport Association, which estimates the annual cost of LLCS diversions alone to be in the region of £30 million.”
Managing director William Salter said: “Whether you are complying with existing transport regulations such as the LLCS, physical restrictions or temporary road restrictions, there is likely to be a financial or operational impact for logistics operations. Transport planners need to understand upfront what may delay a vehicle arriving at its destination, and the effect this may have on their business and customers, so they can take steps to minimise the impact of any financial and operational risk.”