UK Pallets is to close, after parent company UK Mail pulled the plug following years of poor profitability. The closure will cost UK Mail £1m, plus asset write-downs of £2m. In a trading statement to investors UK Mail said the closure of the pallet network would be managed over the next three months, as it sought to ensure that all employees and customers were properly supported. It added that a number of its employees would be able to take up […]
UK Mail Group saw a 20% increase in parcel volumes and improved performance in its pallets division during the third quarter, it has revealed in an interim management statement today. The firm saw an increase in turnover for its pallets business during the period, after seeing a significant decline in operating profit for the division during the first six months of the financial year. Group sales were “above [our] previous expectations” for the period covering 1 October to 31 December […]
Shares in road transport businesses continue to trade at record highs for the calendar year, despite a relatively quiet August and an oh-so-slight dip in the value of the MT basket of shares.