Industry can ride out economic storm, Lindsay says


Lindsay Australia says trucking operators must manage costs and customer demands to survive global financial crisis

By Michael House

Brisbane-based Lindsay Australia says trucking operators must manage costs and customer demands if they are to survive the global financial crisis.

Speaking to ATN, Lindsay Chief Executive Kim Lindsay says the trucking sector must continue to focus on best practises, and those who do will thrive.

"Most [transport companies] will [ride out the recession], particularly those who concentrate on cost control and customer service," Lindsay says.

The carrier, which expects to increase its revenue by 10-15 percent amid the worldwide economic downturn, has attributed its performance to using more productive vehicle combination and investing most of its services in food-related industries.

Despite the economic gloom, Lindsay says there is a strong demand for refrigerated transport, and those who carry freight for food-related industries will perform well because "people still have to eat".

"Most companies will see some decline in revenues and the hardest hit will be those companies that carry consumer discretionary products or carry for the resources sector," Lindsay says.

Lindsay Australia recently welcomed back major client 2PH, which had ceased operations in 2005 due to a severe outbreak of citrus canker in Central Queensland.

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