AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Rate cutting slammed

25th March 1977, Page 18
25th March 1977
Page 18
Page 18, 25th March 1977 — Rate cutting slammed
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

DISTRIBUTORS who are cutting their rates below the safety level will just not be in business two years from now.

Stewart Morrison, managing director of Associated Deliveries Ltd, said in London last week that the highly competitive distribution market was tempting some operators to cut their charge rates in an effort to obtain or retain traffic.

Some rates quoted were insufficient to cover replacement of wasting assets such as vans and fork lift trucks.

A van which cost £1,800 seven years ago will cost £5,800 to replace today. How would this be found unless additional capital was generated from profits today?

Tags

Locations: London

comments powered by Disqus