Fortec has introduced a shareholder model for members, giving them an equal say in how the pallet network is run. It said 50% of its independent hauliers have so far signed up. One, Devereux Transport, is now a shareholder in the Watford Gap area, alongside Welsh hauliers Grand Prix Express and Celtic Couriers, and Channel Seaways – which specialises in pallet delivery to the Channel Islands. Others include Allen Logistics, Bridgetime Transport, East Midlands-based B Taylor and Sons and LHT […]
South Wales haulier John Raymond Transport suffered a drop in pre-tax profit of over 99.7% in the last financial year, accounts lodged at Companies House have shown.
Pallet networks buying member hauliers is a trend the sector will “definitely see more of” in the future, say the heads of Palletline and Pall-Ex.
David Hathaway Transport increased profits by more than 52% before it was acquired by Kinaxia last year, recently published results show.