Join our community of smart investors

Castings’ earnings growth driven by truck demand

Registrations of new trucks hit five-year high in third quarter
November 17, 2022
  • Truckmakers’ new engines increase demand for parts
  • Margin improves to pre-Covid level

The surge in inflation being reported this time last year – to what by today’s standards seems like the relatively benign rate of 5.1 per cent – had many inputs, but transport played a big part.

A truck driver shortage was in full swing, with the government intervening by relaxing working hours rules, providing extra visas for foreign drivers and investing £34mn in a series of HGV skills bootcamps to train 11,000 more people.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in