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 […]
Wimbledon, London-based haulier ELB Partners has maintained its FORS gold status for a fourth consecutive year.
Birmingham-based Carexp Logistics has joined the Fortec Distribution Network.
Fortec will complete its most significant IT project in a decade by the end of the year, in a move it claims will put it ahead of its pallet network rivals and on par with the best the parcels sector can offer.