TIP in bumper £19million trailer investment

Thursday, April 24, 2014 - 14:30
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BUMPER: TIP invest £19million

TIP Trailer Services are to invest more than £19million in obtaining 900 new trailers for their UK fleet.

The first of the new trailers are scheduled to go into service in June this year, with the balance of the 900 trailers being operational by October.

TIP’s planned £19million trailer programme for 2014 will predominantly cover a mixture of standard trailer types, including curtainsiders, box vans, skeletals and reefers.

However, TIP add that they will also be looking to include a small number of newer trailer design types, such as teardrops and double deck trailers, within their product offering as part of this acquisition programme.

“The time is now right to invest in our UK trailer fleet, which will enable us to better support our customers demand for good quality, flexible rental equipment.”

Mike Furnival, TIP

Mike Furnival, Commercial Director UK at TIP Trailer Services, said: “The majority of the trailers being purchased will go towards satisfying the growth of new TIP business here in the UK.

“The UK customer base is asking for newer trailers as part of our extensive product offering and it is really positive that we are able to announce this investment which will enable us to service this requirement and grow our market share.”

In the UK, TIP currently own and manage more than 14,000 trailers through their trailer rental and services business.

“The UK business continues to deliver strong performance figures and we believe that this new investment, which clearly demonstrates HNA’s commitment and confidence in our business, will complement our total service offering to our customer base,” added Mr Furnival.

“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.

“Fundamentally, we feel that the time is now right to invest in our UK trailer fleet, which will enable us to better support our customers demand for good quality, flexible rental equipment that allows them to deliver the best service every day.”

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