CIE haulage makes profit
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THE IRISH Republic's doomed State-owned road haulage fleet made a profit last year and may yet be saved.
Coras lompair Eireann, the Republic's semi-State transport company, has a Government directive to close its road freight service next year unless it makes a profit this year.
It made a so-far indisclosed profit last year, after getting its loss down to IRE£670,000 (C554,000) in 1983.
It remains to be established how much of this profit would survive were road freight to be regarded as a free-standing business and how much of it has been achieved by transferring some haulage costs on to the rest of railway-dominated CIE's business.
Were the haulage business to be retained, it would probably be incorporated into the new railway subsidiary of CIE, one of three autonomous subsidiaries which are expected to be formed later this year.
International management consultancy Arthur Andersen is advising the Irish Government on the formation of the rail and provincial bus subsidiaries.