Palletways increased turnover by 4% last year, due to more members joining the network, but it warned that Covid-19 is expected to have an impact on its financial performance. Latest results for Palletways (UK) showed that in the year ending 30 June 2019, revenues for the pallet network grew to £197.9m, up from £190m the year before. Pre-tax profit fell by 18.8% to £14.9m and earnings before interest, tax and amortisation reduced by 23% to £13.6m, “reflecting the cost challenges […]
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.
The haulage industry fared better than most UK sectors during the second quarter of the year, with a slowdown much less pronounced than elsewhere, according to official figures.
Palletways is to launch services in the Czech Republic and Slovakia next month, a move that expands its services across 13 countries on the Continent.