Pall-Ex UK saw its pre-tax profit jump more than 200% in 2016 after results from its management restructure and growing membership began to take hold. The pallet network recorded a pre-tax profit of £499,000 for the year ended 31 July 2016; a 205% increase on 2015’s pre-tax loss of £474,000. Pall-Ex MD Kevin Buchanan said: “There has been major investment in both the management structure and strengthening of the UK member network, with 11 new members choosing to join us. […]
The pallet network sector is ripe for consolidation and Palletforce may play its part, CEO Michael Conroy hinted.
Industry-wide pallet weight limits are more relevant to pallet networks than large operators, according to XPO Logistics MD of transport solutions Dan Myers.
Pall-Ex is continuing its drive into Europe with the launch of a new network in Bulgaria.