Today in Road Transport - 19th January 2007
It’s been an eventful New Year so far, with the usual number of companies getting into trouble in the post-Christmas letdown: Amtrak Express parcels went into administration last week, and were sold on Saturday, while trailer rental and financial services firm Transrent collapsed owing £65m.
Still, one man’s poison is another man’s meat, as Northgate posted results which showed a 48% boost in turnover.
And other people are optimistic enough to be on the lookout for new purchases. DSV – formerly DFDS – bought Frans Maas last year and is on the lookout for more, while Turners (Soham) has just bought bulk powder specialist CRW for “a rumoured £7m”.
The widespread fears of higher inflation rates in the UK will only increase the pressure on operators to trim their costs – good luck with that, particularly as the average hourly pay for class C+E drivers has risen by 9.4% over the last year. The Transrent boss, too, blamed his firm’s collapse on low rental rates.
And you can perhaps expect a tougher enforcement regime as far as the Working Time Directive is concerned – according to Transport Minister Stephen Ladyman.
Well, at least you can order yourself a new Iveco Stralis, or console yourself with the thought that we don’t drive as badly as some people…




