PalletForce plc reported a 25% increase in turnover to £5.03m for the year ended August 31, 2005, compared with £4.02m in 2004.
The Lichfield-based network’s pre-tax profit rose 7.0% to £1.25m for the year, compared with £1.17m in 2004.
Describing the nation’s roads, ports, railroads and airports as the backbone of global trade, UPS’s chief executive officer today warned that America was taking a chance with its future by neglecting its infrastructure. “What’s shocking, quite frankly, is the inability of our transportation infrastructure to keep up with the normal day-to-day stresses imposed upon it,” said UPS CEO Mike Eskew. “Our highways, waterways, railroads and aviation networks are simply not keeping up with ordinary demands. Eskew, in addressing the Houston Forum, said business leaders had to help Americans understand that their jobs and standard of living depend on a US economy that today depends on global trade. People may not like to build new roads or add runways to airports, but the American economy risks stagnation without continued investment and infrastructure expansion, he said.
Read MoreForwarding and logistics company Sandrair International has linked up with Pallet Track member Circle Express to provide its UK customers with guaranteed next-day deliveries on palletised import and export consignments.
Read MoreUK Pallets sent 4 of its directors, including recently promoted MD Mark Hazelgrove, home on gardening leave last week. The move is part of plans to restructure the business, Managing Director Terry Richards told Motor Transport this week. ‘There have been no sackings as rumour suggests – we are just restructuring. We are certainly not moving our of pallets‘ he says.
Read MoreDavid Burtenshaw, chief executive of Lynx Express until its acquisition by UPS in 2005, is planning a new career in business advisory. Burtenshaw has been assisting the integration of the two companies. He will continue to be available as a consultant to UPS on an ongoing basis.
Alan Cramley has retired from the pallet sector after stints with Pall-Ex and most recently Fortec Pallet, where he was business development director.
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