UK Pallets, the pallet network owned by UK Mail Group, was rocked by a 64% collapse in year-on-year profits in the year to 31 March, its parent company has revealed. UK Mail Group warned in April that its pallet business, which contributes 6% of its total revenues, had experienced a difficult year. This saw Graeme Wilson replace Terry Richards in the top spot in March at the network, which saw its profit head south due to gaps in its coverage […]
Hicks Logistics has joined the Fortec pallet network covering parts of the Bristol postcode.
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]