TDG defends downturns as isolated areas in results
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
• The chill wind of recession has not yet blown through the Transport Development Group, with downturns in two separate marl(ets being described as "isolated areas".
Commenting on half-year results posted last week, chief executive Alan Cole says he is "quite hopeful" for the logistics market which, he believes, will continue to expand as companies concentrate on their core activities and contract out their transport. "There's not much feel of recession...I'm quite hopeful," he says.
The two sectors that suffered a first-half downturn are TDG Nexus, which has detected reduced market volumes in the commodity chemicals sector; and TDG McPherson, which has been hit by falling demand for whisky in the Far East. TDG's disposal programme is coming to an end; it had helped increase the profit margins of the group's retained businesses to 8.5%.
) Scottish independent petrol retailer Spartan Petrol has chosen TDG McPherson to deliver up to a million litres of fuel per week to its sites in Scotland