The sale of a controlling stake in Pallet-Track to TPA Capital in March was heavily influenced by the arrival of a new wave of deep-pocketed owners within the sector, its MD has revealed. Speaking exclusively to motortransport.co.uk, Nigel Parkes said that although there was an element of de-risking in his decision to sell some of his shareholding in the network to TPA Capital, “the catalyst was seeing an industry becoming more corporate”. Ahead of the sale Parkes held 51% of […]
Pall-Ex’s ambitious European expansion plan remains on track, despite the economic volatility gripping the Continent, deputy MD Cris Stephenson has said. Pall-Ex has set itself the target of having a 15 country-strong network of European franchisees by 2015. Stephenson confirmed its European expansion was “on track, and unchanged”. He said pallet networks’ inherent efficiencies and co-operative approach meant that, despite Europe’s troubles, they “play into that quite usefully. In times of economic trouble they are [often] a better option.” Pall-Ex […]
Palletways member Rase Distribution has hardened its stance on pallet weights and is now refusing to deliver anything over 750kg in weight to residential addresses.
Pall-Ex has introduced a groupage service to support a new contract it is running together with Staples Solutions.