A dividend of nearly £5m is to be shared out among Palletforce's 86 member shareholder members as part of the biggest pay out in the network’s 13 year history.

The dividend was agreed at Palletforce’s AGM last month, following a record year of success, in both increased volumes and profits.

Palletforce chief executive Michael Conroy  said: “Our membership is the best in the sector and our ethos of working together and working for each other is what differentiates us from our competitors and makes us so successful. Plus as we don’t have professional equity investors to satisfy or debt to finance, we are in a great position to reward our stakeholders in this way."

The last 12 months has seen nearly £3m invested in new technology including a full network roll out of electronic proof of delivery, the Alliance IT system and the introduction of ‘Backloader’ – a brokering service for members to maximise backloads and shared deliveries.