Pallet-Track volumes exceed forecasts after 2019 profits slide


Pallet-Track said an initial impact on its sales volumes during the first two months of lockdown in March had been reversed and its activity levels were already exceeding original forecasts. The comment came in its financial results for the year ended 31 January 2020, which also revealed that the network increased revenues by 11.6% to £105.4m during the period. Pre-tax profit was down 31% to £3.5m. Hub revenue grew 5.7% during the year due to an increase in pallets being […]