TRAFFIC congestion is costing Portsmouth businesses £10m a year in lost productivity, according to new research.
The TomTom Traffic Index has found that delays in the city increases the time each vehicle spends on the road by 97 hours a year – more than 12 working days.
This could equate to a cost of £10,528,3802 in time spent sitting in traffic for the 16,200 commercial vehicles operated in Portsmouth.
The cost to businesses in the 25 most congested cities and towns stands at £767,937,250.
Beverley Wise, director UK & Ireland for TomTom Telematics, said: ‘Traffic congestion may be seen as a fact of life for every driver.
‘But, cumulatively, it is taking a heavy toll on the UK economy and this should not be accepted as an inevitability,.
‘Making the most of billable time is key to profitability for any business, so organisations that rely heavily on a mobile workforce must look for ways to maximise the time employees spend actually doing jobs by minimising time spent on the road.’