Pall-Ex defied “challenging” market conditions to deliver a 31% leap in pre-tax profits and a 10% rise in member volumes last year. In its latest annual results to 31 July 2018 the pallet network, which has around 95 members, saw turnover increase by 8% to £71m (2017: £65.9m) with pre-tax profit rising by 31% to £2.5m (2017: £1.9m). The network strove to cut costs in the year, according to the results, reducing administrative costs to £7.5m (2017: £7.6m), which the […]
Since July last year, the UK pallet networks have been facing the prospect of a new network entering the market. Principle Pallets is the brainchild of former Fortec directors Neil Hodgson and Marcus Fischer but Fortec network director Dave Spong and general manager operations Chris Dennigan (pictured above) tell MT that they haven’t heard much about the new venture. “Our members are telling us they have heard absolutely nothing from Principle,” says Dennigan. “They are on at least six months […]
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.