Rate cutting
6th April 1995, Page 25
6th April 1995
Page 25
Page 25, 6th April 1995
— Rate cutting
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T was astounded to read Mr 1 Stobart's statement on rates cutting (CM16-22 March). He says: "If I've cut rates, it because they needed cutting." Note his percentage profit margin is 3%. The industry needs such a philosophy like a hole in the head. You need to have massive volumes to survive on a margin that small, so
many operators would simply go out of business if they tried. A E Costin A E Costin Haulage, Willenhall, Cheshire.