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 […]
Pall-Ex has opened a 210,000sq ft hub on the same site as its newly acquired Fortec distribution facility, in order to accommodate rocketing freight volumes.
Palletline has gone live with its innovative direct trunking initiative, as it continues to work on evolving the decades-old pallet network model.
Campeys of Selby has made its pallet network debut by joining Palletforce, covering selected DN postcodes around Doncaster.