Not 15 pc for hauliers
Page 19
If you've noticed an error in this article please click here to report it so we can fix it.
• As well as a statement of correction from the NFC (CM January 15) on the Prices and Incomes Board report on the National Freight Corporation, the Road Haulage Association has issued a statement.
Says the RHA: "It is incorrectly stated in the Prices and Incomes Board Report on the National Freight Corporation that a recent survey made on behalf of the Road Haulage Association gave an estimated overall return for private road haulage companies of 15 per cent on capital employed.
"The figure in the survey cited by the Board is in fact an estimate for industries other than road haulage. The evidence from RHA members is that the return capital varies considerably in different sections of the road haulage industry, is in no case as much as 15 per cent and in most cases is considerably less."