:happil's Transport throws in the towel
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I Chappill's Transport is pullg out of the haulage business. ml Chappill, managing direcIr of the 20-year-old cornmy, says: "Haulage corninies have sprung up all over le place and flooded the mar
t. can't compete with ieir crazy prices and run proably enough — 5% return on ar last year's turnover of 2.5 illion is not enough — not hen you can get 11% at the lilding society."
Chappill says he is quitting while he can leave comfortably. "I'm not prepared to see the company run into the ground and suffer financial difficulties, but I don't see much of a future in haulage and storage over the next five years and many hauliers will go to the wall," Chappill's Transport, based at Killingholme, near Grimsby, South Humberside, is selling its entire haulage fleet of 13 Volvo and Scania tractors and 40 trailers.
El Kelly Group is to withdraw from general haulage and is selling its fleet of vehicles and trailers belonging to its subsidiary, H Fellows Transport of West Bromwich. However, former managing director Ellis Fellows has acquired the business premises and is to continue the operation.
Kelly Group will now concentrate on Kelly Trucks.