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QUESTION * UK - How do you make a small fortune in transport?
Answer: Start with a big fortune...!!
London,UK -Road Transport -14 December 2007: -- A well-worn industry joke that may be, but it's founded in truth. This week MT, in association with Barclays Commercial, publishes the Top 100 - and the average data highlights how maintaining the financial health of a transport business has become ever more difficult... While the average turnover increased from £107m in 2006's Top 100 to £141m, average profit dropped from £2.7m to £2.5m. Almost needless to say, the average return on sales got worse too: dropping from 4.05% to 2.78%... Now compare these figures with those in our front page story. Driver pay levels are up 4.5% - ahead of inflation, the rest of the industry and the UK economy as a whole. According to Incomes Data Services, this is due to "efforts to resolve recruitment and retention issues and to compensate drivers for loss of earnings through restrictions on working time". It's no wonder the major employers in transport are already warning union negotiators to be sensitive to the pressures they are under: pay talks for 2008 and beyond will be pitched battlegrounds...
Labels: profits and revenues
posted by Unknown @ 12:44 PM
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