As the European truck trailer market grinds to a virtual
halt and some new trailer prices crash to figures lower than the
cost of building, some leasing companies have managed to turn a
surprising profit.
A representative of trailer lessor Hireco, which provides short
term rental as well as contract hire, said: “Hireco is doing very
well and winning more business as the recession continues.
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“It has gone from 1,000 trailers on loan to nearly 3,000 in less
than 18 months. It is a growth area and it is about a growing need
for flexibility in the market.”
“The signs are that this will continue and could expand in the
foreseeable future.”
Jack Semple, director of policy for the UK Road Haulage
Association (RHA), said to industry publication International
Freeighting Weekly: “There has been a massive downturn in the
purchase of trailers, but the big question mark, in terms of
companies investing, is the government’s review of longer
trailers.”
This holdup in trailer purchase has led to many companies either
renting trailers in the short term, or signing up to flexible
contract hire agreements until the Department for Transport makes
its decision on longer trailers, expected at the end of the
year.
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