Palletways bought Dalkeith for the second time this year, after it went into administration in August. Scottish haulage company Dalkeith Transport and Storage has been acquired twice in two months by Palletways. The pallet network bought Dalkeith on 27 July but was forced to put it into administration on 21 August after consulting with the haulier’s bankers. Once in administration, Palletways rebought the company for an undisclosed sum. The sale closely follows the appointment of Palletways financial director Andrew Reynolds […]
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
Despite volumes being hit by the first Covid-19 pandemic lockdown last year, the boom in e-commerce has seenPallet-Track rally to deliver a 57% leap in pre-tax profit.