Mounting losses of £1.7m accrued by Pall-Ex’s three haulage subsidiaries – Shears Brothers (Transport), Intercounty Distribution and Pall-Ex London – “constrained” HLD Holding’s performance last year, according to its latest annual results. HLD Holdings, which is owned by entrepreneur Hilary Devey, sold Pall-Ex to its management and network members for an undisclosed sum in October this year. Reporting its annual results to 31 July 2018, the group posted a pre-tax profit of £411,000, up from a loss of £1.1m in […]
Pall-Ex has appointed Kevin Morley as operations director, the first senior appointment since Cris Stephenson was named UK managing director of the pallet network.
Pallet-Track will increase its number of members to 80, after recruiting five new hauliers into its pallet network.
The Association of Pallet Networks (APN) has revealed 15.7 million pallets were delivered by its member networks last year, which on a restated basis was 13% ahead of 2012.