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Hauliers can learn a lot from the banking collapse
Page 24
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THE ONGOING BANKING debacle and the way the Treasury is rushing to bale financial institutions out makes us question when you last observed any government rush to assist the transportation sector...
True, the tax revenue on banking activities is high, but the tax revenue raised by transportation activity is not lagging that far behind.
As such, you would expect the government to assist the transportation sector since it has shown a willingness to assist the banking sector.
You would also expect the banking sector to understandthe markets, and business sectors that the banking industry is serving.
Or, to put it another simpler way why, is the government baling out the banking sector when the banks are individual private businesses that have made incorrect business decisions. They have proven that unless you have astute capable management, you are quite likely to be forced to cease trading.
The transportation and the banking sectors work within this business model on a daily basis. Only the transportation sector does so without safety nets or any promised government assistance.
If a bank fails, the customer base (voters) suffer until another bank decides to serve the needs of that customer base.
If a transportation/haulage business fails, the customer base (voters) will suffer until another transportation/haulage business decides to serve the needs of that customer base. When a bank fails, the effects are felt by many ordinary people (voters). When a transportation business fails, the effects are felt by many ordinary people (voters).
Is the real reason for the government offering assistance to the banks is that they are effective at lobbying, keeping the industry image polished so people believe the country and the economy cannot survive without the individual banks.
What can the transportation sector learn from this ongoing mess created by the banking sector to improve our own standing with the government, European Parliament, other political parties, and the public?
Is it not time that all the transportation sector trade associations that say they represent the needs of the sector started to work together to present a unified voice?
As much as the separate associations may feel superior in their own abilities to woo those in power, we at the sharp end know all transportation industry sectors have to interact, and combine on an hourly basis to fulfil the needs of our customers.
The challenge to the transportation sector bodies is simple. Gain the same influence with government as the banking sector, because the current operating model of fragmented isolation is not working.
This only serves to make the requirements of the transportation industry irrelevant to the decision-makers in positions of influence.
Martin Barnes Project manager Navarm