There’s money in road transport
Page 6
If you've noticed an error in this article please click here to report it so we can fix it.
THE SUNDAY TIMES unveiled its 2011 Rich List last weekend and there are a handful who have made serious money in transport. We scoured the list to ind the richest people in the industry: 1. Sir David and Sir Frederick Barclay: £2,200m While the Barclay twins make the majority of their fortune from property, hotels and the media, they also own parcel delivery irm Yodel, making them the richest pair in road transport.
2. Alastair Salvesen and family: £840m After selling family-irm Christian Salvesen to Norbert Dentressangle in 2007 for £254m, the family picked up £60m. It now has interests in plant hire irm Aggreko.
3. Paul Day and family: £148m Turners (Soham) remains a family business and in our sister title Motor Transport’s Top 100 it ranked 20th, with an annual turnover of £180m and proit of £22.2m.
4. Steve Gibson: £135m Gibson started Middlesbroughbased Bulkhaul 30 years ago. It is run under the holding company Gibson O’Neill, owned by Gibson and business partner Michael O’Neill. 5. Peter and Michael Kane: £101m The two brothers own an £87m stake in listed delivery irm UK Mail.
6= Roger Baines: £100m Baines founded Amtrack Express Parcels in 1987 and sold it for £86m to private equity irm 3i in the late 90s. However, it struggled and entered administration in August 2008.
6= Nigel Jagger: £100m Jagger is chairman of logistics irm Cert Octavian, but his family made the bulk of their money in the 80s selling IT business Atlantic Computers.