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 […]
The 2014 MT Awards will see the launch of a new category – the Business Excellence Award, sponsored by leading pallet network Fortec.
Once again the UK’s nine pallet networks bucked the general trend within logistics in 2012, delivering another year of growth. While Greece teetered on the precipice, dragging the whole eurozone deeper into its protracted economic malaise, Europe remained the focal point for many of the UK’s networks looking for the next big thing. European market leader Palletways faces competition with Pall-Ex’s ambitious European plans remaining on course despite the economic headwinds from the Continent, and Palletforce finally revealing its hand […]