1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136 
HIGH ST.
Page 21
If you've noticed an error in this article please click here to report it so we can fix it.
TRADERS
ROADLINE UK Ltd has announced a £900,000 trading profit for 1977 and plans to invest £13%m between 1978 and 1980, mainly on British Leyland vehicles, and to introduce improved mechanical handling equipment where needed.
As part of its fleet replacement programme the company has just placed a E1.3m order with Leyland.
Roadline has continued to withdraw from the small single package consignment market which has proved too expensive to service. And average package volume increased by 17.4 per cent. Revenue went up by £3.2m to £46.6m.
The results indicate a turnround for the company; In 1976 it incurred a trading loss of £1.1m.
Arthur J. Smith, group managing director, said that 1977 had shown a considerable improvement in all regions except Scotland. Staff was reduced by 6 per cent — mainly through nonreplacement of retired employees. Overhead and administrative charges went down by 10.5 per cent.
However, the level of fixed interest charged payable to the National Freight Corporation, the parent company, led, to a loss cif £917,000 after interest. After taking these charges into account Roadline showed an improvement of £1.675m over the 1976 results.
This year the company says, it is penetrating the high streets with deliveries to the major multiple stores.
"I am confident we will reach the end of 1978 with another improved tradigg position," said Mr Smith.