Impact of recession on freight transport of UK Risk assessment and mitigation strategies

An interesting study of risk identification related to the recent recession which hit UK in the third quarter of 2008.Recession not only accentuated certain risks already existing in freight transport in the past but also led to the emergence of new ones during and post-recession. This research is thus an attempt to identify and assess the risks faced by freight companies during recession and suggest mitigation strategies to deal with such risks in future. The study reveals that risks related to recession will become more intense in future, however preparedness and tested mitigation strategies can help to lessen or nullify their impact on freight companies.