We keep reading on here about different firms going under. the most recent i suppose being CH. Just got me to thinking, who would come to your mind as the most profitable, who do you think is doing really well ?. The one who i would nominate is Lomas Distribution. I suspect they are doing rather well.
Depends on which COMPANIES directors are ■■■■■■ and pillaging the profits! 
and then the drivers WHO DO THE JOB get sacked/ laid off/ made redundant through no fault of their own! 
BUT THE BIGGER THEY ARE , the harder THEY FALL! 
It hard to say without no lnowing the true facts
But ch for eg 216k profit but a big turnover
I know one company with under 20 lorries with double that profit
And alot less turnover aswell
It seems anything to do with fridges, you hardly ever see a tatty fridge or unit. Look at the irish for example, the scottish they all invest in top tackle. Its just the english that run around in tat.
But saying that the irish and the jocks all seem like people who will sit round a table and discuss rates and share it out whereas the english seem to try and rob every last penny out of each other.
Btw im english.
How can you tell though, we would never really know. For example CH, all those new mercs and less than a year later they are bust.
New trucks old trucks shiny or dirty doesnt come into it
Anyone can get finance or a lease
I agree new trucks esp on euro work
Can work out cheaper and fixed costs etc for breakdowns
But doesnt mean one company is more profitable than the other
All comes down aswell if on hp how long the kit depreciated over in the books aswell
I would say per truck ratio smaller - medium operaters are more profitable as less overheads know their costs and not relying on employees to run their business like the bog boys and will have a hands on approach
jessicas dad:
It seems anything to do with fridges, you hardly ever see a tatty fridge or unit. Look at the irish for example, the scottish they all invest in top tackle. Its just the english that run around in tat.But saying that the irish and the jocks all seem like people who will sit round a table and discuss rates and share it out whereas the english seem to try and rob every last penny out of each other.
Btw im english.
If fridges are more profitable, how do you explain David Price just going bump the other week?
At times like this, there are many firms who’d argue “we pay our staff crap to survive”.
Alas, when the “good times come” (overheating economy years later…) strangely the catch-up pay rise never comes.
Pay cuts are a one-way ticket down, and are therefore to be resisted.
Stop valuing “having a job no matter how bad” higher than working “less hours, but with at least a preserved hourly rate”.
What happens otherwise when we’re ALL “required” to work 84+ hour weeks for less than £500 takehome a week?
Suicides, Marriage break-ups, accidents whilst tired, premature death through general ill health.
But strangely, never tales of, let’s say, serious pushing back of the culprits who actually stole that livelihood in the first place. 
The good firms to work for in the future are those who are wholly owned by a larger holding company that makes loads of money in an entirely separate industry from Transport. 
A move by the government to a more protectionist stance might not go amiss either. 
Foreigners don’t bring us prosperity, only lower wages, less jobs, and the one thing that DOES get bid up by them is Property - no good for those who can’t afford so-called “going rate” extortionate rents.
Just tax 'em off our shores - they’d do the same to us if the roles were reversed, like in Spain… 
Turners of soham makes the most profit per head employee. Somebody posted a graph or summit on here once about it.
jessicas dad:
It seems anything to do with fridges, you hardly ever see a tatty fridge or unit. Look at the irish for example, the scottish they all invest in top tackle. Its just the english that run around in tat.But saying that the irish and the jocks all seem like people who will sit round a table and discuss rates and share it out whereas the english seem to try and rob every last penny out of each other.
Btw im english.
Dont believe that for a second! In the Irish transport industry there’s no such thing as friends, if someone wants your work and can undercut you they will, in a heartbeat. Likewise customers will drop you for the sake of a cent.
I think part of it is a different culture. Most of the people running Irish companies are real truck men, and women, and most of them work really hard to make it a success, they don’t just see it as a route to a bigger house and a new car every year. And that’s why you see the trucks you do, because its their life. Which I know for many of you would sound sad but I think its a good thing. My boss will jump in the trailer and wash it out while I’m fuelling up for instance and he’s always around to talk to. This personal approach is why Ive been working in Ireland for the majority of my driving career.
A lot of truth there i work for an irish family firm in London and although the two brothers who own it are milionares and both drive top of the range mercs they are a few years old andits not unusual to come in to the yard and see one of them driving a liading shovel or in the workshop.
And you know where you stand make a mistake you might get shouted at but its done then no writen warning on the payslip next week.
I think English firms like that do exist just becoming increasingly rare.
It does seem to be an English disease to wrap yourselves in “logistics solutions” logos when basically you are still the same haulage firm as a celtic counterpart who is proud of that fact.
We (the English) seem to view transport as an office based business that happens to run lorries.
Others seem to view it as a business based on lorries that needs an office to function.
Let’s not forget C&H did not go bust, the parent company did.
C&H was & is a profitable company, granted a small profit compared with turn over but probably the industry standard.
Don’t let fancy tackle fool you, many, many transport firms are all flash & no cash.
kr79:
A lot of truth there i work for an irish family firm in London and although the two brothers who own it are milionares and both drive top of the range mercs they are a few years old andits not unusual to come in to the yard and see one of them driving a liading shovel or in the workshop.
And you know where you stand make a mistake you might get shouted at but its done then no writen warning on the payslip next week.
Proper old style bosses,they might ruck,scream and “rear up” but if but if you’re in trouble would be the first to help out,the industry needs more of their ilk,not the brown nose must cover my backside pathetic managers that are every where now!
Proper lorry men have been replaced by bean counters, transport is a funny old game, what makes sense on paper often doesn’t work in the real world.
We’re seeing that more often unfortunately as jumped up ‘entrepreneurs’ with a reliance on computer programmes has made the true lorry man a thing of the past.
Look at Bewick as an example, a proper old fashioned transport firm, in came WRM with their fancy corporate logo and super computers and the whole lot came crashing down.
FarnboroughBoy11:
How can you tell though, we would never really know. For example CH, all those new mercs and less than a year later they are bust.
C&h did’nt go bust.The parent company of charles gee did.You will still see c&h on the road.Now owned by downtons though.
merc0447:
Turners of soham makes the most profit per head employee. Somebody posted a graph or summit on here once about it.
I read online that they make something like 25k a year profit per employee. Apparently they have quite big cash reserves for purchasing other companies, also all trucks are owned not leased so we’re told.
Knowles(transport) made 29k per employee last year,
but at almost double the profit made by the next company,
there may be exceptionals that have skewed the figures.
I heard that Harry Yearsly is very profitable, doesn’t run around for peanuts, only see a few here in the SE though…
Yearsley ain’t a transport firm, they are a food manufacturer & happen to run cold stores & transport to service their factories, they bolt on work for others to achieve critical mass.
You’re right in saying they are flippin’ minted though.