Oil collapse prompts tie-up
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• Declining North Sea oil trade and intense competition has forced United Heavy Transport and Econofreight Transport to merge their heavy haulage businesses, to form Econofreight United Transport.
According to Tom Llewellyn, managing director of the new company, Econofreight United Transport will be the biggest heavy haulage company in Europe.
The new company will be based in Middlesbrough, Econofreight's base, and will have net assets of around £3 mi lion.
Llewellyn admits that se redundancies will be inevit as a result of the merger, peciaily in the administrati) side of the company, but h not prepared to say how rr jobs will be lost because ru tiations are still underway the unions.
Llewellyn was not prepa to say how many drivers o vehicles will work for the t company. "That is a comm cial secret," he said.
Econofreight United Tra port will trade under the names of the existing businesses, Econofreight, Wyr and Sunters.