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Today in Road Transport, 14 May 2008

Building scale and networks across European regions is one way that logistics companies can shield themselves from the downturn in the global economy - at least according to a recent report from Transport Intelligence.

Talking of the current difficult trading conditions, firms that seem immune as yet include Stobart Group, which made a profit of £3.5m in the 14 months to 29 February, and Devon-based haulier Gregory Distribution, which saw pre-tax profit rise 59% in 2007 despite "relentless" competition.


Stobart.jpg
Strong financial performance from Stobart Group


Also showing confidence in the industry are the former CEO and group services director of Nightfreight, who together have re-entered road transport with a pair of acquisitions. Another acquisition of note is that of South Norfolk courier firm 24/7 Dispatch by CitySprint, which made the purchase as part of its aim to "grow and expand in the Norwich area".

And on a different note, it appears that British hauliers are still at risk when driving through long tunnels on the Continent - as a result of certain European governments failing to introduce officially recommended safety designs and equipment.

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This page contains a single entry from the blog posted on May 14, 2008 4:23 PM.

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