Survey reveals growth in logistics work
By: William Hobson
29 November 2010
More than half of transport operators participating in the Trucking Britain Out of Recession survey have enjoyed an increase in volumes, indicating that Q3 2010 has been a good quarter for those in driving jobs.
As reported by Road Transport, 52% of operators said that volumes had increased either a 'little' or a 'lot' in the third quarter in comparison to the second. This increase in logistics work has meant that close to half (41%) of operators reported a minor or major increase in profit over this same period. Furthermore a third of these (33%) said that the increase in profit was better than expected.
Other figures contained in the survey provide greater evidence for how the wider economic recovery is helping the logistics sector. The agriculture and manufacturing sectors drove the greatest increase in commercial driving work, with a 63% and 68% respective growth in volumes and an accompanying 55% and 51% growth in profit.
Sentiment was also positive across many respondents, giving good indications for business franchise opportunities in the sector.
Just under half (47%) of respondents expect volumes next quarter to be better than those seen in Q4 in 2009, whilst 40% expect a profit boost. Operators in the retail and wholesale distribution sector were the most positive; 62% expected an increase in volumes in Q4 and 53% a boost in profit.
Meanwhile 73% of respondents said they were either 'very' or 'fairly' optimistic about their company's prospects over the next 12 months, indicating good prospects for driver recruitment over the next year. Logistics and contract distribution firms were the most positive (88%), followed by operators in retail and wholesale (86%) and then businesses with more than 51 trucks (86%).
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