Private equity company TPA Capital has taken a controlling stake in Wolverhampton-based Pallet-Track. In a statement released today (11 March), TPA Capital said it was delighted to strike the deal with the pallet network, which has 90 haulier members. Set up by MD Nigel Parkes in 2002, with commercial director Carl Jones, Pallet-Track has regional hubs in Wigan and Welwyn Garden City and claims to process around 3.5 million pallets a year. Directors Parkes and Jones held 52% and 24% […]
Two former Fortec directors are making their industry comeback with the launch of the first new UK pallet network in more than a decade.
The industry needs to re-examine its relationship with its customers if it is to end the rate squeeze, according to Bullet Express MD David McCutcheon. Responding to news last week that despite growth in the pallet sector, rates remained under acute pressure, McCutcheon said: “As a haulier of more than 22 years, rates have never been better for clients.” McCutcheon, who is a Pall-Ex member and has a 50-strong fleet of vehicles, said: “While pallet networks remain invaluable to hauliers, […]
The MD of the the Hazchem Network has said its specialism in ADR, a new hub and the fact that the regulations that underpin its work are European rather than EU mandated, means the business is facing the future with positivity.