Transport operators upbeat despite slow growth

Extracted 07SEP2011 from http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=16822

Nine out of ten transport companies reckon they are doing as well or better than last year, according to Bibby Financial Services...

The confidence of transport companies in their ability to prosper is set against a background of slow growth in the rest of the economy. Nearly 60 per cent believing the effects of the recession could be felt for at least two years, corroborating the results of the latest CBI economic forecast which warned that the UK is likely to experience slow growth in 2011-2012.

The index tracks the turnover levels among nearly 4,000 of Bibby Financial Services’ UK client-base alongside the outlook of 450 business owners across the UK. It found that almost three-quarters of transport businesses have seen an increase in the number of customers from the first three months of this year and half have experienced a rise in the number of business inquiries.