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Park Logistics - Creating supply Chain Solutions

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TIP Trailer Services spends £19m on 900 new trailers

  • 22 April 2014
  • By Hayley Pink

TIP Trailer Services is investing more than £19m in 900 new trailers for its UK fleet, which the rental firm said is the largest purchase by a single company made this year,

New trailers will predominantly comprise a mix of curtainsiders, box vans, skeletals and reefers, although TIP said it will also look to include a small number of newer trailer designs, such as teardrops and double-decks.

The first vehicles are scheduled to go into service in June, with the remainder following by October.

Mike Furnival, commercial director UK at TIP Trailer Services, said: “We are now seeing strong demand at the trailer manufacturer level as customers look to invest in their fleets for the first time for many years.

“We recognise that our customers feel more confident about a continued stable recovery in general and this is a view that the TIP supports.”

In the UK, TIP owns and manages more than 14,000 trailers through its rental and services business.

As the new trailers join the fleet, the company will be looking to remarket and sell some of its older trailers in the first steps towards reducing the overall fleet age profile.

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Article source: http://www.commercialmotor.com:80/latest-news/tip-trailer-services-spends-%C2%A319m-on-900-new-trailers