S&S Distribution has returned to profitability helped by its warehousing division and investment by new owner Palletline. Palletline bought network member S&S Distribution and S&S Warehousing, a separate firm to S&S Distribution, in May 2015. The deal, which was the pallet network’s first buy-out of a shareholder-member, saw profits fall after a goodwill write-down of £142,215, after a review of the company’s customer base. The write-down saw the firm’s pre-tax profits fall from £207,915 in the year to July 2014 […]
The road division of Europa Worldwide is leaving Palletline in a move the network describe as “a mutually agreeable strategic realignment for the company.”
Palletways has significantly increased its capacity at its central hub in Lichfield, Staffordshire, after taking on the former UK Pallets site on Fradley Distribution Park.
Six months after leaving Fortec to join Palletways, Newark-based International Logistics Centre said it is reaping the benefits of Palletways’ IT system, which it claimed had cut administration hours at the haulage and freight forwarding business.