UK fourth in the world for logistics

The UK's ranking was given as part of this year's World Bank's Logistics Performance Index.

The UK has come fourth in a new study which aims to determine the world's best logistics performers.

The study by the World Bank’s Logistics Performance Index (LPI) ranking 160 nations, saw UK move up six places this year from 2013’s ranking of tenth.

Countries were ranked on a number of trade dimensions which included infrastructure quality and customs performance, with Germany taking the top spot.

The top three was rounded out by two other European nations Netherlands and Belgium, with Singapore, Sweden, Norway, Luxembourg the United States and Japan made up the rest of the top 10 along with the UK.

Among the BRIC countries, China came in at number 28 while India was 54th, Brazil was 65th and Russia was 90th.

Jean-Francois Arvis, senior transport economist and founder of the LPI, stated: “In countries with high logistics costs, it is often not the distance between trading partners, but reliability of the supply chain that is the most important contributor to those costs.”