SHYTOT:
What a shambles this industry is in when and where will we all end up
When companies start pricing jobs for what it costs and to leave a profit and not just to keep busy
Problem is firms get little say in what the rate is and if they do ask for more theres always a pack of hungry wolves sniffing about ready to pick up the work
Sadly this will continue as long as the British road transport industry is the biggest charity in the country.
There always has and always will be operators stupid enough to undercut and lose money doing work. Until this practice ceases then more companies will go under and more people will lose there jobs and homes etc.
Only the companies can save themselves, no one else will or wants to.
ive seen the same artic every night this past week nr market weighton, heading back towards beverley, as someone already taken over or are they just moving stuff out the depot?
Still too many firms chasing too little work though. There’s so many firms running at break even or a loss just to keep going, what’s the point…
Precisely! It’s a [zb] hobby for too many!
Yeh and the low rate they put in to win a job is subsidised by the crap wage that the drivers are paid.
A well known firm that I know works out of a manufacturing co, even though said co have their own vehicles on an own account operator basis. It started off with the subby getting the overspill that their own motors could not manage, but now the co is loading the subby before their own trucks because the subby pays their drivers ■■■■ money, and the manufacturing co pay their own drivers a fair and proper wage, so consequently they can not compete, they have cut their own drivers hours down also, and now the subby gets most of the work.
Still too many firms chasing too little work though. There’s so many firms running at break even or a loss just to keep going, what’s the point…
Sometimes a firm has little other option than to try to soldier on and hope for better times ahead, particularly if there is negative equity in the trucks they have finance on. If they are breaking even, then there will come a point where the trucks are worth as much as the remaining finance and they can then get out without going bust.
Still too many firms chasing too little work though. There’s so many firms running at break even or a loss just to keep going, what’s the point…
Precisely! It’s a [zb] hobby for too many!
Makes you wonder how Stobart survives
Stobarts are a PLC and not entirely dependent on the banks for funding . Size , efficiency and economies of scale . In addition as a FTSE listed company their reporting requirements are much greater than that of a small private company . While not a favourite of the City , their share price has risen substantially in the last year ( albeit from a low point ) .
Still too many firms chasing too little work though. There’s so many firms running at break even or a loss just to keep going, what’s the point…
Sometimes a firm has little other option than to try to soldier on and hope for better times ahead, particularly if there is negative equity in the trucks they have finance on. If they are breaking even, then there will come a point where the trucks are worth as much as the remaining finance and they can then get out without going bust.
I suppose Harry but what a rigmarole for very little or no reward…
