New Amtrak bosses start efficiency drive
The new owners of UK parcel company Amtrak claim they can make significant cost savings without wholesale redundancies.
But the linehaul and hub operations had to become “a lot slicker”, said new MD Alan Jones.
“It’s all about making sure costs are in alignment with revenues, ” he told IFW. “Clearly we cannot leave things exactly as they are. We have got to take costs out of the business, because you can’t just put GBP 1 on a parcel.
“But a couple of million off our trunking costs would go straight to the bottom line.” Amtrak has 14 double-deck trailers out of a total linehaul fleet of 120, and more will be added. “We carry a lot of fresh air around.
Double-deckers help to reduce that, ” Jones said.
Funding for re-investment in the business has been secured from Lloyds TSB, but it has taken no equity. Netfold, a five-man consortium, now wholly owns Amtrak.
Netfold comprises Ron Series, former executive chairman of Tuffnells Parcels Express, plus four former directors of the Seawheel shortsea business: Jones, Gerry Ruffell, Tom Naylor and David Bardsley.
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