B.R.S. Revenue Still Down : Profit Up
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DsprrE a slight improvement in the four weeks to April 19, British Road Services' traffic receipts in the first 16 weeks of this year did not quite reach the total for the comparable period of 1952,
Revenue in the four-week period amounted to £5,850,000 (£5,789,000 last year) and in the 16-week period to £23,750.000 (£23,796,000).
Figures for the first quarter show a drop in tonnage from 10,340,000 in 1952 to 9,101,000 this year, and in mileage from 173,785,000 to 157,560,000.
It is understood, however, that B.R.S. are now making a larger profit than last year, when a surplus of about £500,000 was recorded. Substantial economies have been effected, although claims for loss or damage to goods are still causing concern and heavy expense.
In the 16 weeks to April 19 London Transport earned £19,814,000 (£19,027,000 last year) and the British Transport Commission's provincial and Scottish bus interests £13,051,000 (£12,223,000).
END OF ROAD-RAIL RIVALRY
COMPET1T1ON between the road and rail elements of the' British Transport Commission, which has hitherto been keen, is to end. It is understood that agreement on this point has been reached among officials of the Commission, and that an effort is to be made in the future to integrate the Commission's road and rail services.
This was, of course, the main purpose of the Transport Act, 1947, and its failure was one of the reasons given by the Government for introducing the new Act.
TYRES CHEAPER
DIMES of tyres were reduced, last 1 week, by 5-71 per cent., and those of inner tubes by 5-10 per cent. This was the third reduction in just over a year.