Tuesday, May 19, 2015

Commercial Vehicle Hire Firm Expands Fleet for Road Haulage Customers

Scottish Company Has Trebled in Size in Past Few Years
Shipping News Feature

UK – A company which prides itself on service, TOM Vehicle Rental has announced that it plans to add over 2,500 light commercial vehicles, 700 road haulage trucks and 500 trailers to its nationwide rental fleet for 2015 with an investment worth over £130 million. From its Scottish Airdrie base the company has grown over the past 25 years from an MOT station and with the acquisition last year of the commercial vehicle only Charthire business, has now over the past few years trebled in size incorporating four (soon to be five) of its own DVSA Test facilities, 100 mobile support vehicles and recovery trucks.

The new investment follows a strong end to the year, which saw TOM average utilisation of 94% on its rental fleet which has grown to over 9000 commercial vehicles. January saw TOM diversify into the car sales market with the purchase of Citroen dealer Alistair Fleming for an undisclosed sum. In 2014, the business focused heavily on the reduction of the age profile of its fleet with an expansive vehicle renewal programme which seen it spend £99million on new vehicles, renewing around 40% of its total vehicle fleet and reporting a reduction in the average repairs and maintenance costs and vehicle off road rate as a result.

The Charthire deal saw the company extend its network into the Midlands and together with the upgrading of some existing locations, the investment in improving infrastructure totalled nearly £3 million. TOM Vehicle Rental Group managing Director Robert Stewart observed:

"We understand our role in our relationship with our customers, we believe in our commitment to the highest service levels possible and to be achieving this we need to keep the vehicles on the road and keep our customers' businesses moving. Everyone at TOM embraces this and the significant investment into our fleet and infrastructure underlines our ongoing commitment to increasing customer service quality, reducing downtime and enhancing our status as a major player in the van, truck and trailer hire market.

"Our intention is to double our fleet size in the next 3 years. During 2015, we will continue to strengthen our business to prepare for further growth with some key additional locations in the pipeline. Our dynamic and progressive management team have a robust strategy in place to ensure that we achieve our goal with our focus remaining firmly on delivering excellent customer service and excellent commercial vehicles without exception"