The issue of significant downward rate-pressure remains the elephant in the room despite continued volume growth in the pallet sector, according to network heads. Speaking after the Association of Pallet Networks revealed its members had experienced volume growth of more than 4% in the first half of the year (compared to 7.9% in 2011), Adam Leonard, MD of The Pallet Network , said the sector was at risk of repeating the mistakes previously made in the independent parcels sector. “There’s […]
Hampshire-based Mike Watson Transport (MWT) has implemented a strategic growth strategy in the south of England.
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]