Allisons cuts costs
Page 38
If you've noticed an error in this article please click here to report it so we can fix it.
• Substantial increases in operating costs, and the "very ambiguous" PIS report which encouraged transport users to resist higher charges, are reasons given in the chairman's report for the loss of E191,653 by Allisons Freightlines Ltd. in the year ended April 30 1968.
The chairman, Mr. James Allison, said a further rise in costs was caused by a change in depreciation policy, under which they had raised the rates of depreciation on both old and new vehicles.
Overheads and administrative spending had been drastically reduced in the six months up to the end of August, said the chairman, whose report is to be presented at the a.g.m., on December 5. London terminals had been consolidated, and one disposed of; the Chester terminal had been closed and the company had disposed of its International Division with offices at Felixstowe and Hull. Turnover was rising and rates increases were less difficult to obtain, he reported, the company having reduced its losses in the four months up to August 31 to £6,586.
• The industrial waste disposal division of Stephenson Clarke Industrial Services—part of the Powell Duffryn Group—has acquired the Glasgow-based firm of John S. Young and Company (Holdings) Ltd.
• A E20,000 commercial vehicle testing station with pre-MoT test facilities was opened on Wednesday at Spurlings Ltd., Edgware Road, NW9, depot, by Mr. T. Eric Tindall, RTITB directorgeneral.