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Haulage firms prosper in flat market
Page 9
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A SERIES OF company reports released last week indicate that haulage companies are weathering poor trading conditions well, with many companies reporting increased turnover and profit.
Among those recording substantial jumps in turnover is the Cheshire haulier James Irlam (see news, page 6), which saw a rise from £42.4m in the year ending 30 April 2006 to 149.4m last year. Pre-tax profit was also up, from £208,000 to /265,000, but at 0.5% of turnover, this was an example of the low profit margins in haulage.
Another big haulier enjoying success is the garment-carrying specialist DTS Logistics. where turnover jumped to £56.7m in the year ending 30 April 2007 (200(: 143.9m). Pre-tax profit was also up, from 1739,000 to £1.39m. Owens (Road Services), based in Llanelli. increased turnover from 125.8m in 2006 to 128m in the year ending 30 June 2007, although pre-tax profit fell to £79,000 (2006: 1124,000). The company is growing in size, with an average staff of 480 in 2007 against 449 in 2006.
The Yorkshire-based Clipper Group saw turnover remain almost static at £28.75m in the year ending 30 April 2007 (2006: 128.79m), although pre-tax profit jumped significantly from 1867,000 to £1.3m. Staff numbers were up, on average, from 534 in 2006 to 618 in 2007.
Bavarian trailer manufacturer Kogel also released sales figures last week, showing that it sold 20,000 trailers in 2007 against 12,000 in 2006. This increased turnover from €280m (£214m) to €462m (1353m).