Eddie Stobart Logistics’ purchase of The Pallet Network (TPN) represents the evolution of the pallet network model, according to MD Mark Duggan (pictured). TPN was bought for £52.8m by Eddie Stobart Logistics on 29 June and Duggan told MT that rather than consolidation, the move should be regarded as the evolvement of the pallet sector model. “TPN and our members drew a line in the sand several years ago, agreed a collective view as to what good looked like and […]
The issue of significant downward rate-pressure remains the elephant in the room despite continued volume growth in the pallet sector, according to network heads. Speaking after the Association of Pallet Networks revealed its members had experienced volume growth of more than 4% in the first half of the year (compared to 7.9% in 2011), Adam Leonard, MD of The Pallet Network , said the sector was at risk of repeating the mistakes previously made in the independent parcels sector. “There’s […]
Eddie Stobart Logistics saw its turnover and profit grow in its first full trading year under the majority ownership of private equity firm DouglasBay Capital, despite what it described as difficult trading conditions in its core markets.
Billingham-based Nicholson’s Transport has been placed into administration and ceased trading, motortransport.co.uk can reveal.