Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services. This is first acquisition Pall-Ex has made since its management buy-out in November last year and its fourth acquisition of a network member. The other three are Shears Brothers (Transport), Intercounty Distribution and Pall-Ex London. This latest purchase has been bought through a shell company owned by Pall-Ex and will trade as Cranleigh Distribution Services. The deal sees the acquisition of the pallet distribution business of Cranleigh […]
Pollock (Scotrans) made a loss in 2015 after the collapse of paper maker Tullis Russell and ongoing integration of 2014 acquisition Gilbraith (TS) made for a “challenging year”.
Pall-Ex reported a 20% increase in shareholder membership enquiries this year following its management buy-out in 2019.
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]