Economics
Brexit Is Like Christmas for European Truck-Rental Companies
- OnTruck, Everoad run Uber-for-freight services for businesses
- Demand from U.K. customers has jumped, inventory rush blamed
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For Spanish entrepreneur Inigo Juantegui, Brexit fears have driven up demand for his company’s product to levels normally only seen during peak shopping periods such as Christmas.
His startup, OnTruck, lets companies rent freight capacity for short periods from fleets that have excess room. Ahead of what’s gearing up to be a disorderly exit of Britain from Europe, that’s exactly what businesses in the U.K. are doing as they rush to hoard inventory, Juantegui says.