Palletline revenues up but driver shortage hampers logistics businesses


 

Palletline saw revenues grow by 2.4% last year, although profits slipped in its logistics businesses due to a shortage of drivers. For the year ending 30 June 2019, the network, which is wholly owned by its members, reported a £149.1m turnover, an increase from 2018’s £145.6m. Turnover in its network operations increased by 2% and in its logistics subsidiaries by 4%, including a part-year contribution from Fast Forward Distribution, a long-standing member that it acquired in December 2018. However, pre-tax […]