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Tiger Rail in receivership

13th February 1992
Page 20
Page 20, 13th February 1992 — Tiger Rail in receivership
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Which of the following most accurately describes the problem?

• Rail freight received a fresh blow last week when one of the major suppliers of road/rail freight equipment went into receivership following the collapse of its parent group.

Tiger Rail was advertised as being in receivership and for sale along with other companies in the Allied Partners Group, leaving only one other major British supplier of road/rail systems in the market.

Receiver KPMG Peat Marwick is offering the Londonbased company for sale complete with its rail wagon fleet and TrailerTrain design — a streng thened semi-trailer chassis which converts into a rail wagon by clipping on to the rail bogies and retracting the air-suspended road bogie.

Tiger Rail is one of the UK's largest leasers of private freight wagons and was involved in the plans to run the first private freight train in the UK.

It planned to sell space on a route from the South-West of England to Scotland.

Unless Tiger Rail is bought Tiphook will be left as the only British company providing this kind of equipment — its piggyback system, the US-designed RoadRailer, also allows train carriage of complete semi-trailers.

During the past year there have been persistent rumours that Tiger Rail was for sale — rumours which had been scotched by company management. One of Tiger Rail's front men was director Jim Evans, who had come from British Rail where he had been managing director of container carrier, Freightliner.'

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