Eddie Stobart Logistics has purchased The Pallet Network (TPN) for £52.8m. The operator confirmed today (28 June) that it had entered into an agreement to acquire the share capital of the pallet network, which comprises 106 regional hauliers (members) on a cash and debt-free basis. It has done this, in part, via a £30m share placing with institutional investors (see finacing the deal below for more). Eddie Stobart Logistics signaled its intention to investors earlier this month. Alex Laffey, CEO […]
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.
AM Widdowson was a member of the Palletways network for only a year, Motortransport.co.uk has learnt.
Pollock (Scotrans) has joined the Palletways pallet network, covering the EH postcode as well as some of KY and TD. The West Lothian operator has signed a ten-year deal with Palletways. It was previously a member of the Pall-Ex network. Fraser Pollock, MD at the operator, says: “As a business, operating within the competitive distribution sector, we are always looking for opportunities to support our growth strategy by strengthening our service proposition to our customers. “Our new membership with Palletways […]