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Crisis looms as oi
Page 6
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price set to rocket
FTA chief Richard Turner calls for a fuel price escalator to maintain
profit margins. The CM newsdesk reports.
profit margins. The CM newsdesk reports.
Exclusive!
RICHARD TURNER, chief executive of the Freight Transport Association, has called for sweeping changes in the way the industry is paid to ease fuel price pressure.
Speaking exclusively to CM, Turner says it is imperative that operators build fuel price escalators into all their contracts with customers if they are to avoid financial disaster. This is the first time that the FTA has advocated such a move, largely due to the make-up of its membership who are both providers and buyers of transport. He says: "We cannot sustain a realistic transport market in which we cannot recoup fuel costs from customers. It is not practical nor in the long-term interests of the industry. "Until we adopt this, we cannot call on the government to resolve the problem caused by rising fuel
prices. When there is this volatiltests have not."
ity in something that represents As CM went to press the cost of a third of your cost base and with diesel looked set to reach 90p/lit profit margins in low single figures following a terrorist attack in there is no way that you can just Saudi Arabia. live with the price rises." Alan Greene of M&M Greene
Roger King at the Road HaulTransport, who acted as a spokesage Association says that it has man for picketing hauliers in the been advocating this for the past 2000 fuel duty campaign, says 300 three years: "We would hope most vehicles will be demonstrating in if not all our members already Cardiff this Saturday (5 June). have this in their contracts, but it takes guts to actually trigger these rises. I think all hauliers are mindful of the fact they only exist because their customers exist."
Roger King at the Road HaulTransport, who acted as a spokesage Association says that it has man for picketing hauliers in the been advocating this for the past 2000 fuel duty campaign, says 300 three years: "We would hope most vehicles will be demonstrating in if not all our members already Cardiff this Saturday (5 June). have this in their contracts, but it takes guts to actually trigger these rises. I think all hauliers are mindful of the fact they only exist because their customers exist." Turner adds: "Most of the industry has its house in order but I suspect those on the front line of the pro
prices. When there is this volatiltests have not."
ity in something that represents As CM went to press the cost of a third of your cost base and with diesel looked set to reach 90p/lit profit margins in low single figures following a terrorist attack in there is no way that you can just Saudi Arabia. live with the price rises." Alan Greene of M&M Greene
Roger King at the Road HaulTransport, who acted as a spokesage Association says that it has man for picketing hauliers in the been advocating this for the past 2000 fuel duty campaign, says 300 three years: "We would hope most vehicles will be demonstrating in if not all our members already Cardiff this Saturday (5 June). have this in their contracts, but it takes guts to actually trigger these rises. I think all hauliers are mindful of the fact they only exist because their customers exist."