UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003. The group took action after revealing that in the six months ended 30 September 2014, turnover at the pallet network fell 1.1% to £13.9m (2013: £14.1m). Operating profit plummeted 58.6% to £200,000 (2013: £600,000). UK Mail also conceded in its interim results yesterday, that UK Pallets was still suffering “gaps in the […]
Two former Fortec directors are making their industry comeback with the launch of the first new UK pallet network in more than a decade.
Chesterfield-based Hastings Freight has seen off rivals to win the main logistics contract for Henderson’s Relish.
Palletline has gone live with its innovative direct trunking initiative, as it continues to work on evolving the decades-old pallet network model.