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SHORT HAULS
Page 31
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Price rise
FORD has announced an increase of 5% on the price of its trucks.
The additional cost will make the maximum retail price of the Escort 45 van £1,755 while the HA4227 tractive unit goes up to £18,230.
MC profit
MITCHELL COTTS Transport made a pre-tax profit of £766,709 in the last financial year compared with £621,744 in 1975. They had an after tax profit of £570,164 compared with £428,755 last year.
Dividends of the company were up from 2.72p per share last year to 2.992p per share this year. The company retained £369,700 of its profit against £246,515 last year and their earnings per share rose to 8.14 pence per share compared with 6.40p per share last year.
Transferring powers
A FORMAL order transferring powers from the Environment Secretary to the Transport Secretary was laid before Parliament last week. The order will give Mr William Rodgers corporate status and makes the necessary legal adjustments.
It will also allow for the two departments, environment and transport to exercise joint functions on highway orders and compulsory purchase orders. The appointment of inspectors and the considering of objections to a scheme will also be joint functions.
Lorry damage
THE DAMAGE to the whole road structure caused by 1,000 12-ton lorries is likely to be similar to that attributable to 160 million cars. This was said by junior Transport Minister Mr John Horam in the Commons.