Freight Transport Insolvencies May Have Peaked, Estimates Suggest

Introduction

The financial stability of freight transport companies is a key concern for transport operators, drivers, and compliance professionals. Understanding trends in insolvencies within the sector helps stakeholders anticipate market conditions and manage risks effectively.

Trends in Freight Transport Insolvencies

Official estimates indicate that the number of insolvencies in the UK freight transport sector may have already peaked. Although frequent reports of haulage companies entering administration or liquidation continue, data show a steady decline in insolvencies since 2023.

Figures provided by the Business Secretary in response to a parliamentary question reveal that estimated insolvencies rose from 195 in 2020 to a peak of 503 in 2023. This number then decreased to 471 in 2024 and further to 401 in 2025.

Despite this downward trend, some recent high-profile cases include Booth Transport in Rotherham ceasing operations and appointing administrators in 2026, and Knutsford removals and storage firm Johnsons entering administration before being sold to Amer Logistics.

Comparison with Previous Economic Periods

When compared with the 2008 financial crisis, recent insolvency levels appear higher. Between 2008 and 2011, an estimated 1,536 freight transport companies entered insolvency proceedings, with a peak of 442 in 2009.

In contrast, between 2022 and 2025, there were a total of 1,786 insolvencies in the sector, indicating a greater overall impact in recent years.

Industry Response and Support Measures

Industry bodies such as the Road Haulage Association (RHA) have campaigned for measures to support UK freight businesses. One key proposal is the introduction of a fuel essential user rebate, aimed at reducing fuel duty levels to be more in line with those across Europe. This is intended to alleviate operational costs and improve financial resilience within the sector.

Mi Compliance Insight

Transport operators and compliance professionals should monitor insolvency trends closely as part of their risk management strategies. Staying informed about sector challenges and government responses can aid in planning and maintaining business continuity. For tailored advice on compliance and operational risk, contact Mi Compliance.

Source: https://motortransport.co.uk/figures-suggest-haulage-insolvencies-have-peaked/89235.article