The sale of its Palletforce shares after the purchase of the pallet network last year by EmergeVest sent Farrall’s’ profit soaring in 2015. Farrall’s, which celebrates its 60th anniversary this year and was a Palletforce founder member, saw a 220% jump in pre-tax profit for the year ended 31 December 2015, from £309,189 to £969,852. The Chester-based company said its performance had also been strengthened by “significant rationalisation” at the company. MD Jim Perry told Motortransport.co.uk: “During 2015 a total commercial […]
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.
The Association of Pallet Networks (APN) has revealed 15.7 million pallets were delivered by its member networks last year, which on a restated basis was 13% ahead of 2012.
Pre-tax profit at Brian Yeardley fell by nearly 50% in 2016, hit by a combination of migrant problems in Calais, unstable currency exchange rates and fleet investment.