Palletforce reports record sales revenues and pallet volumes
Shipping company Palletforce says its recently announced record sales revenues and pallet volumes are due to successful implementation of its three-pronged, long-term growth strategy.
In the period ending 30th September 2017 the firm reported a record revenue of £104.92 million. That’s up from £96.51 million in 2016.
The revenue increase of 9% in 2017 was primarily generated by continued growth in pallet volumes, including the enhancement of international trading. This was also bolstered by the expanded SuperHub capacity and additional network input from a growing membership, to a new record annual total of 3.4 million pallets, representing a 7% increase on 2016.
By creating network capacity with its new SuperHub, investing in new services, technology and people, and attracting quality members, Palletforce says it has has enabled growth for its members and reinforced its position at the forefront of the pallet sector.
Since its acquisition by EmergeVest in 2015. Palletforce has invested in its business. The central SuperHub, which can handle 30,000 pallets of freight daily, will drive future growth and places the company in the best possible position to attract and retain the strongest members and lead sector consolidation through acquisitions and organic growth when those commercial opportunities arise. During 2017 they also expanded their express European services to 20 countries and also launched and Asian service.