Leading UK express distribution network Palletforce says its recently announced record sales revenues and pallet volumes are due to successful implementation of its three-pronged, long-term growth strategy.
By creating network capacity with its new SuperHub, investing in new services, technology and people, and attracting quality members, Palletforce has enabled growth for its members and reinforced its position at the forefront of the pallet sector.
In the period ending 30 September 2017 the firm reported a record revenue of £104.92 million (2016: £96.51 million).
The revenue increase of nine per cent 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 seven per cent increase on 2016.
Since its acquisition by EmergeVest in 2015, Palletforce has focused on creating capacity to enable growth for its members and their customers. 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 Palletforce extended its reach by increasing express European services to 20 countries and the recently-announced Asian service will see growth continue, with members now connected to trade in exciting Far Eastern markets.
Palletforce has also invested heavily in technology as the only network with forklift truck capability to weight and scan each individual pallet – which recently won the Best Use of Technology Award at the Motor Transport Awards,
A number of new key personnel have added depth to the Palletforce management team, ensuring it has the people strength to match its award-winning service provision and lead future growth.
Michael Conroy, Palletforce chief executive, said: “The latest record figures are a result of quality service and above-market growth delivered by our fantastic membership. With significant financial backing from EmergeVest and our strategy to attract and maintain the best member companies, Palletforce is perfectly placed to lead and develop the sector with a commitment to being the network of choice for quality-driven, forward-thinking members.
“We’ve become more innovative over the last 12 months and have the foundations in place to lead sector consolidation with the new SuperHub. Continued investment and strategic acquisitions have strengthened our network and benefited our members, who share our values, quality and growth aspirations.”