Geodis UK said its losses deepened in 2017 largely due to the “significant start-up costs” of a new site it opened in the Midlands. Newly published financial figures for the year ending 30 December 2017 revealed that the operator increased its turnover slightly to £50.1m (2016: £49.3m) but its pre-tax loss slipped further into the red, to a loss of £4.5m (2016: loss of £4.2m). It said there had been notable improvements in profitability in its UK core network activity […]
Fortec has welcomed six new members to its network, five of which have joined the pallet distribution sector for the first time.
Pallet network Fortec has achieved The Investors in Excellence Standard. It joins the likes of DHL Supply Chain within the road transport sector, and professional services firm PricewaterhouseCoopers, credit checker Experian and manufacturer Bombardier beyond. The standard is a framework to help businesses assess their performance and improve it. Ian Nield, chief executive of Investors in Excellence, said: “We have been hugely impressed with the attitude and commitment shown by Fortec Distribution Network to achieving the Investors in Excellence standard.” […]
Pallet networks have so far failed to heed a call by Palletline to join it in reducing maximum pallet weights on tail-lift deliveries – though a number of them say they are considering the issue.