HGVTraining.co.uk becomes the market leader just three years after launch
Since its formation in 2012, HGVTraining.co.uk has more than trebled its turnover, making it the largest provider of HGV training services in the UK. It’s now set to continue this domination by expanding the corporate training arm of the business.
There is a UK shortage of HGV drivers and this is what promoted founders Gary Benardout and James Clifford to set up the business. The Freight Transport Association estimates that around 60,000 more drivers will be needed by 2020 as road logistics continues to be the backbone of UK commerce.
Benardout and Clifford aim to increase the company’s share in the market from its current 15% to 21% next year, and on to 33% in 2020.
While the company provides the highest levels of training direct to the consumer, its corporate training division is seeing the fastest levels of growth. HGVtraining.co.uk already works as the training arm of some of the largest logistics companies in the UK, but is looking to broaden its portfolio even further with the aim of becoming the UK’s number one corporate HGV trainer.
Benardout said: “Having a force of highly-trained drivers is critical to the success of logistics firms, or any firm with a logistics arm. Not only does it help to deliver new business contracts, it also means that drivers are operating efficiently and with the utmost safety.”
The reason its corporate training is growing so quickly is down to its focus on safety and efficiency. With so many HGVs involved in road accidents, it’s paramount truck drivers get the best possible training to help avoid these incidents.
HGVtraining.co.uk provides this high level of training but in 30% less time than competitors, this means that drivers have to spend less time away from work, therefore saving businesses money as well as filling the skills-gap more quickly.
While HGV driving might not be glamourous, the demand for these skilled workers means that a career in the industry has long-term prospects and plenty of training opportunities.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany