A CARRINGTON-based trailer supplier is to invest £19 million in 900 new trailers for its fleet in 2014.
In the biggest UK trailer purchase deal by a single company so far this year, TIP Trailer Services has announced that the first of the new trailers are scheduled to go into service in June, with the balance of the 900 trailers being operational by October.
With its UK Head Office in Carrington, TIP’s planned £19m trailer programme for 2014 will predominantly cover a mixture of standard trailer types, including curtainsiders, box vans, skeletals and reefers.
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.”
TIP currently owns and manages more than 14,000 trailers in the UK through its trailer rental and services business.
Mike added: “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.
“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.”