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TRAKM8 HOLDINGS PLC

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Delayed Quote. Delayed London Stock Exchange - 11/26 11:35:08 am
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Trakm8: Telematics overhaul needed to combat driver shortages

07/15/2021 | 11:31am EST

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Trakm8: Telematics overhaul needed to combat driver shortages

As the UK government continues to hold talks with hauliers over driver shortages which are affecting critical supply chains, Trakm8 is urging logistics firms to redouble efforts to drive up efficiency in existing fleets.

The logistics sector has been hit by two crises almost simultaneously; the UK's exit from the EU's freedom of movement arrangements and the COVID-19 pandemic, either one of which would have introduced significant headwinds on their own. Indeed, the two crises combined have led to a shortage of up to 100,000 drivers [1].

Trakm8 welcomes efforts to increase fleet capacity, but as recruitment efforts remain difficult, it is equally important to increase the productivity of existing fleets.

Peter Mansfield, Group Marketing Director at Trakm8, explains: 'With a shortfall this significant, initiatives to find and employ new drivers are necessary, but do not go far enough. As specialists in scheduling and optimisation, we have seen time and time again how deploying a route optimisation platform can lead to more deliveries being made with the same assets, and help businesses get more out of their existing fleet.

'These benefits are often significant. Indeed, in real terms Trakm8 Optimisation has provided a 30% increase in delivery driver productivity and a 10% reduction in fuel expenditure to one of the UK's leading supermarket chains. Of course, the system's other benefits, such as a reduction in costs due to accidents and servicing, can free up expenditure to allow for a larger overall fleet.

'If we are to ensure that critical supplies are to be delivered and our supermarket shelves will be stocked as we expect, every business must look at its existing supply chains and ensure they are using the technology on offer to maximize their fleet's potential.'

To find out more, complete the form below or call us on 0330 311 5157.

Disclaimer

Trakm8 Holdings plc published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 15:30:24 UTC.


ę Publicnow 2021
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Financials
Sales 2022 19,0 M 25,3 M 25,3 M
Net income 2022 - - -
Net Debt 2022 6,00 M 8,00 M 8,00 M
P/E ratio 2022 -
Yield 2022 -
Capitalization 12,5 M 16,6 M 16,7 M
EV / Sales 2022 0,97x
EV / Sales 2023 0,72x
Nbr of Employees 183
Free-Float 36,8%
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Number of Analysts 1
Last Close Price 0,25 GBX
Average target price 56,00 GBX
Spread / Average Target 22 300%
Managers and Directors
Jonathan Edwards Chief Financial Officer & Director
John Ferris Watkins Executive Chairman
Mark Richard Watkins Chief Operating Officer & Executive Director
Penny Susan Searles Independent Non-Executive Director
Timothy Adam Cowley Director & Strategy Director
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