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 […]
The Association of Pallet Networks (APN) has revealed a 16% increase in volumes for the first quarter of 2014 compared with the same period last year, with members delivering more than 4.6 million pallets between January and March.
The United Pallet Network (UPN) has extended its lease at its Fradley Park central-hub location.
Palletways has recruited Fusion Supply Chain Solutions (Fusion SCS) and Cammack Transport into its pallet network.