A Record Turnover for Transport Development
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LAST year's turnover of Transport Development Group, Ltd., increased by €516,000 to a record figure of £3,398,000, Mr. P. S. Henman, chairman. announces in his annual statement. So far this year business has been at a lower level than in the first six months of 1958, but there are signs of a general revival of trade later this year.
"The year was marked by a general running-down of stocks by merchants; traffic tended to move in smaller and more frequent consignments, and in some branches of our activities, particularly in road transport, competition was intense," Mr. Beaman says. Expenditure was reduced, and a common system of budgetary control throughout the group was perfected.
The group haulage fleets were increased to nearly 500 vehicles. Many of the new vehicles were supplied on contract to traders.
Mr. Henman foresees that direct road haulage from Britain to Europe " will form a permanent part of the structure of the import and export trade."
A large freehold site in Millwall is to be developed to provide garage and maintenance facilities of the latest design and a modern office block for J. Spurling, Ltd., ' one of the biggest haulage companies in the group,
"It is our intention," says Mr. Henman, "to acquire additional subsidiary companies and to widen the range of group activities. We welcome approaches from companies which might fit into the group pattern. . . . We seek from them a sound profit record and a virile management wishing to continue in the service of the group. In return we offer them all the benefits of a largescale organization, with capital for development and expansion, without any loss of their individual identity, goodwill or traditions."
COACH FARES DOWN
TO encourage more people to take their
annual holidays in June and September, coach operators at Bristol have decided to reduce their fares to resorts in the South and South-west throughout the year, except for July, August, Easter Monday, Whit Saturday and all Saturdays in June.
The scheme has been approved by the Western Traffic Commissioners. As an example of the reductions, fares from Bristol to Exmouth and Swanage go down from 12s. 6d. to 10s.
LINCOLN BUS HOPES
HOPES that Lincoln Transport Department would be free of debt before long were expressed last week by the Mayor, Cllr. L. H. Priestley, when he welcomed members of the Municipal Passenger Transport Association to Lincoln Guildhall.
He told them: " Before very long we feel we shall be able to put into operation something which is going to stabilize our undertaking and remove our debt once and for all."