FC specialists pick business in 1978
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
TRADING profit of the National Freight Corporation's ial Traffics Group is expected to be £5.4m for 1978, wed with £.3.6m for 1977, group 'managing director Jack ter said this week.
e net profit after paying est and all other charges :imated at £1.9m. And the p's gross turnover last was £88.2m (1977: In).
id Mr Mather: "1978 was a good year for the group in icial terms, and indeed ributed to the improved tability of the NFC as a e."
r..kfords Removals and el have grown to such a that from January 1, 1979, have become the Picks Removals and Travel al), ranking with the ial Traffics Group.
iother organisational ige announced by Mr ler was that NFC's subry Cotrali-Pickfords Ltd been incorporated within ial Traffics since January )ving this freight forwarand air freight agency business into the group will concentrate NFC's forwarding interests within Special Traffics.
Mr Mather revealed that much of the group's efforts will now be devoted to developing the freight forwarding activity.
Other operations due for expansion in the group's development plans are bulk haulage and storage; waste management; and some of the activities of Pickfords Heavy Haulage. The Northern Ireland business will also be diversified.
The haulage strike this year has lost the group about Elm profit, but revenue and trading profit for the this and the next two years for Special Traffics are estimated at (revenue first); 1979 E82.4m and £4.1m; 1980 E93.8m and £5m; and 1981 £106.41m and E6,Im.