Monday, September 17, 2018

Time Critical Freight Group Invests in Vehicle Fleet for Growth in European Logistics Services

Left Hand Drive Trucks and Vans for UK Forwarder Despite Brexit
Shipping News Feature
UK – Preston headquartered freight forwarder GBA Services, which specialises in time critical logistics services, is to invest over £4 million in its fleet of trucks and vans, a purchase driven by continuing growth in demand and a significant new entry into the fast moving consumer goods delivery (FCMG) sector. In addition to strong organic growth, 2018 sales in GBA's UK business are receiving a significant boost with the recent winning of two distribution contracts for household name store chains, which have taken the company into the FMCG sector and added an expected £5million in new revenue.

Management recently outlined plans to double sales by 2020 and institute a 10 year plan to be active in every European country. The company believes its confidence is well-placed, sales having almost quadrupled in the past 7 years, and saw growth of 25% in 2017 alone, despite the recent uncertainty about the possible impact of Brexit.

Now the company is backing its confidence with the single largest investment in fleet expansion of its entire 30-year history. This comprises 20 brand new DAF XF106 double sleeper tractor units, 30 low-mileage used units to facilitate a rapid start-up for a new contract, 15 brand new Lawrence David Tall-boy 4.65m high pillarless curtain-side trailers, and its largest ever single order for vans, 30 Mercedes Sprinter 316 LWB hi-top euro 6s, 6 of which are refrigerated, 2 of them a trial for larger-capacity box-vans. In all, the fleet purchases are worth over £4 million.

The majority of the vehicles are for expansion rather than replacement, and many are left-hand-drive for allocation to GBA’s European stations in Germany, Poland, Austria and Portugal and GBA Services Managing Director David Birkbeck, commented:

“While many are concerned about Brexit, we identify as many opportunities as threats. For us, the key is to have a physical presence in all major European markets; and this is a transformation programme which has been under way for some time, and is on track to position us as a truly European company.

“Much of our future growth will continue to be organic, but we are also planning carefully-selected acquisitions, provided these are a good fit with our existing structure, and can satisfy our stringent criteria. GBA is still a family-owned business founded on strong family values that have brought us a long way in 30 years. We are agile, and we believe that our people, our investments and our values provide a very solid basis for continuing growth in Europe and beyond.”