Freight losses

22nd December 1979, Page 13

22nd December 1979

Page 13

Page 13, 22nd December 1979 — Freight losses

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THE LEP Group comes out top in a survey of freight forwarders' pre-tax profits.

But its 1978 results of £4.5m profit on £56m turnover com pare with £4.7m on £52m the previous year, according to Jordan Surveys.

Profit reductions are also recorded by the next two companies in the league, Mann and Son (London) with Elm profit by March 1978, and Thomas Meadows International with £982,000 profit in the year to December 1978. Jordan blames the profit reductions, which affected half of the 267 companies surveyed, on poor national industrial relations and adds that 16 per cent incurred losses.

The book is available from Jordan Surveys at Jordan House, Brunswick Place, London, Ni GEE, and costs £35.