Logistics UK collaborates with Portland.

Logistics operators are grappling with financial difficulties due to the ongoing Middle East conflict, which has significantly raised diesel prices, peaking at 30% higher in May. In response, Logistics UK has partnered with Portland to offer its members a Fuel Hedging Service that allows them to secure fixed fuel prices, providing stability against market volatility. This initiative aims to protect margins and improve budget certainty for logistics businesses, which typically operate on narrow profit margins. The partnership was announced at Logistics UK's Finance Forum in London.