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PAVING THE WAY TO THE FUTURE
Page 10
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The news that Exel has launched a bid for rival Tibbett & Britten was a surprise to many. At a time when many people are getting out of road transport and news of companies going into receivership seems to be a weekly thing, this takeover bid is a major commitment for the future.
The news that Exel has launched a bid for rival Tibbett & Britten was a surprise to many. At a time when many people are getting out of road transport and news of companies going into receivership seems to be a weekly thing, this takeover bid is a major commitment for the future.
For any plc, growth potential is a major concern and shareholders won't sanction any deal which doesn't offer it. Exel clearly believes there is potential for growth in the transport and logistics market, and that should be good news for the industry; it should mean more work for everyone.
For any plc, growth potential is a major concern and shareholders won't sanction any deal which doesn't offer it. Exel clearly believes there is potential for growth in the transport and logistics market, and that should be good news for the industry; it should mean more work for everyone.
Both companies have worked together on contracts before, and they also run large businesses overseas very successfully; the takeover will allow Exel to build on this and expand its worldwide business, becoming the leading global player in contract logistics.
Both companies have worked together on contracts before, and they also run large businesses overseas very successfully; the takeover will allow Exel to build on this and expand its worldwide business, becoming the leading global player in contract logistics.
At a time when the UK is often berated for being second rate in many industries, and has a shrinking manufacturing base, it is surely good news that a UK-based company is to become the world's biggest logistics business. If nothing else this deal shows that UK businesses can compete in the global marketplace, provided that they are all as efficient as the UK transport industry.
• Speed cameras, it seems, are here to stay. With a recent government report stating they have cut the number of people killed or seriously injured by 40% (see page 22), there would seem to be a good argument for their retention. For any truck driver who has been passed by a car going at high speed on a dangerous bit of road, anything which helps reduce the risk of such accidents should be a positive thing. But if the government's so keen to tackle road accidents, it's time it tackled other drivers' frustration at being held up behind trucks travelling at 40mph. Raising the speed limit for trucks could be an easy win in cutting accidents, and it has a much stronger argument now trucks are fitted with high-spec brake systems which have improved immeasurably since the original setting of speed limits. The message must be heard: faster trucks can deliver safety.