Sharp rise in operating costs

22nd September 1972, Page 90

22nd September 1972

Page 90

Page 90, 22nd September 1972 — Sharp rise in operating costs

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• A sharp rise in operating costs during the quarter ended June 1972 is shown by the updated figures of the Freight Transport Association's cost and rates service Increased interest on capital costs because of the increase in the bank rate to six per cent, higher vehicle prices and dearer fuel and tyres are blamed.

The service, which is available to members who subscribe to it, now makes use of cost information from 35 member companies.

Updated operating costs to June this year show that boxvans between 5 and 9 tons gross incur average standing costs of £2315 a year and running costs of 6.09p a mile. Similar figures for other vehicles are given as box vans 9 to 13 tons, £2674 and 7.24p; rigid lorries 13 to 16 tons, £2736 and 7.11p; artics 20 to 24 tons, £3448 and 8.99p; and artics 30 to 32 tons, £5097 and 10.03p.