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Top haulien in a tailsph
Page 10
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• The UK road ha industry enjoyed a healthy ket growth last year—but of the top 177 companies reported an "astour decline in performance.
The results come in a n analysis of the top camper the haulage industry by Phi Publishing, which says 30 major players are actuall. ing money and 19 are he for trouble as they 01 greater market share profitability.
Plimsoll's senior an David Pattison, says the rE are not encouraging: "We seen an awesome over-c; ity and at that level compe is intense. You cannot hide the reality that the figure fairly disappointing."
Of the 177 comp reviewed by Plimsoll, 101 carrying more debt, 142 spending more on salariei 82 are making lower pr Plimsoll puts 55 compani the "danger" categc Pattison says: "Their fire are in a tailspin."
He adds that it is hard t why so many firms are ft the pinch, but a look at alti tive markets can yield clues: "In France growth been into double digits margins are excellent. It doesn't seem to be as corr tive. It seems to be inher competitive in the UK."