Tag: UK
PalletForce grows by 25%
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.
Business Post wins FedEx contract renewal as restructuring makes progress
British express parcels carrier Business Post has won a major boost with the extension of a vital FedEx contract as it makes progress on its ongoing restructuring. Shares in the company rose strongly on the news, closing up 9.9% at 383 pence on March 31. Business Post announced that FedEx Express had renewed its contract as Global Service Participant in the United Kingdom. Business Post’s existing five-year contract will be replaced with a new five-year contract, with effect from 3 September 2006, on similar commercial terms. Chief executive Guy Buswell commented: “We are delighted that we will continue to act as a key partner for FedEx Express in the UK. FedEx Express has confirmed that our high service levels and new advanced IT solution were central factors in the decision and this renewal is therefore a significant achievement on the part of our new operational management team. Sustaining high levels of service for all customers represents the foundation stone for our overall business performance.”
Read MorePrice of UK first class stamps to rise
The price of a first class stamp will rise by two pence to 32p from today. The increase is part of the Royal Mail’s bid to work out future financing as it deals with competition since the postal market was opened up in January. But the firm has been reined in from costing its stamps too high by its regulator Postcomm, until 2010 when first class stamps will go up to 37p. The price rise will also see first Class franking prices go up to 31p, second class stamps up to 23p, and a second class franking price will be introduced at 22p. The Special Delivery service will increase by 25p to GBP4.10 for mail up to 100g.
The modest increase will enable the Royal Mail to modernise its operations, secure the nationwide delivery service and help to plug its GBP4 billion pension fund deficit.
Firm that Mick built links with pallet giants
Palletline plc has brought on board the Morecambe-based firm J M Gorry & Son Ltd – founded in 1969 by Mick Gorry with just one vehicle – as the latest member of its network.
The company, which now has three generations of the family working at its premises on the White Lund Industrial Estate and operates around 40 vehicles, will cover the large LA postcode area – which covers Lancaster and Morecambe – for Palletline from April 1.
They have invested a six-figure sum in readiness to join the Palletline network, by changing vehicle liveries, hiring two new staff and bringing online a new 8,000 sq ft building, which will also be used for undercover trans-shipping.
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