40 percent, that’s a well informed post lol ! The other trouble is nobody owns anything anymore, it’s all leased so there is no assets to the company.whats the point of saving a company with no assets ! Just my opinion but I’m
No expert and no millionaire either.
Container rates have always been ■■■■ and what with the rise of Maritime who have expanded massively in the past 9-10 years undercutting the already measly rates it has been the death of many container hauliers.
Someone said to me years ago when I worked for Deben and Maritime had just taken Hyundai from us, if Maritime only make £5 a week profit on each truck they are doing alright with the amount of vehicles they have, but a subbie or the smaller firms just cannot compete with that and many haven’t got the balls,business accumen or cashflow to diversify into other areas of ‘logistics’ when times are tough, unlike the man John Williams who just seems to take Maritime up the ladder a bit more as each year passes,unfortunately to he detriment of the smaller hauliers.
It’s extremely sad to see so many long standing transport companies go to the wall,mainly because of the rate cutting by the massive ‘logistics’ groups. 