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May 17, 2012

TRUCKING INDUSTRY * UK

* UK - Fuel rises tarnish Eddie Stobart performance 

Carlisle,Cumbria,EN,UK -Commercial Motor, by Christopher Walton -17 May 2012: -- A quarter of the revenue increase at Eddie Stobart in the past year was down to the increasing cost of fuel being passed on to customers... But the rise in rates did not off-set all cost pressures, and the transport and warehousing division of Stobart Group saw profit fall for the period... For the 12 months ending 29 February turnover rose to £519.5m, from £475.3m a year ago. But profit before tax fell from £34.2m to £27.4m...  


* UK - Businesses look to alternative-fuel fleets to offset price of oil 

London,EN,UK -Commercial Motor, by Hayley Pink -16 May 2012: -- One-in-four businesses are considering introducing alternative-fuel vehicles to their fleets in an attempt to mitigate the rising cost of oil, according to new research from advisory firm Grant Thornton... The International Business Report reveals that 69% of those businesses surveyed cite the price of oil, currently US$111 per barrel, as the main reason to seek alternatives.... Impact on the company’s bottom line was also a key decision, with 55% of businesses citing tax relief and 62% cost management as factors, while 58% were keen to reduce the impact their fleets have on the environment...

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