Industry sales up, but hauliers make less money
Sales in the transport industry are growing by 6%, down on the 8% growth seen last year, according to Plimsoll Analysis' latest road haulage report. Of the 2,000 companies analysed, 1,335 are holding or increasing sales on last year, but almost half (45%) are making less profit than last year. Some 23% of operators are selling at a loss, while 29% are in more debt now than they were last year.
However, Acumen Logistics has shrugged off the credit crunch, increasing its turnover by 120% from £5.8m to £10.6m for the year ending 31 March 2008 with profit up by 284% from £103,792 to £365,436 for the same period.
