ForteXport Struggles
Fortec’s ForteXport European service, launched in July 2005, is so far attracting little freight.
Read MoreTag: Road Transport
UPN reveals profitable year and Fortec area collaborations
Melton Mowbray-based transport hub United Pallet Network has reported a “strong” financial performance, making an operating profit of £328,675 for the year ended March 31, 2005.
UPN’s unaudited accounts also state this figure as pre-tax profit. Turnover was £1.98m.
Express Delivery Service Connects With Europe
TOOLES Transport, based in Droitwich, has launched a new express delivery service for small consignments of goods to mainland Europe.
As a member of the Palletways distribution network, which has more than 100 depots in the UK, the company will now be able to distribute small consignments more cost effectively and faster than before to a vast European marketplace, inclu-ding Belgium, The Nether-lands, Luxemborg, Denmark, France and Germany.
This development has been made possible by Palletways fully integrating its UK network with the company’s operations in mainland Europe by linking up the IT systems across all the countries it serves.
Read MorePalletForce grows by 25%
PalletForce plc reported a 25% increase in turnover to (pounds sterling)5.03m for the year ended August 31, 2005, compared with (pounds sterling)4.02m in 2004. The Lichfield-based network’s pre-tax profit rose 7.0% to (pounds sterling)1.25m for the year, compared with (pounds sterling)1.17m in 2004. The directors’ report said: “During the year the company once again made ground within the pallet network market. Members delivered in excess of 1.2 million pallets during the course of the year with an average of nearly 5,000 pallets per night.”
Read MorePalletline profits are ‘strong and sustainable’
Palletline has reported a pre-tax profit of just under £500,000 for the six months ending December 31,2005. Its unaudited turnover was £4.2m.
Palletline’s managing director Glyn Jones says: ‘We are particularly pleased to see this return to strong and sustainable profits after a tough last year.
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