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 […]
The United Pallet Network has revealed the identity of the first of its European service partners as Brownhills, West Mids-based Twente Express.
Palletways has appointed former SIG finance director Richard Myatt as group finance director at the network, replacing Andrew Reynolds.
UK Mail has conceded that its pallet business suffered a tough year in the twelve months to 31 March 2013.