Profits triple at Palletline in best-ever financial performance
Palletline has enjoyed its best-ever financial performance, with revenues increasing by a fifth to GBP179.4m. During the year ending 30 June 2021, pre-tax profit also soared to GBP3.5m, up from GBP1.1m the year before. The palletised freight network said volumes had risen from 17,000 to more than 20,000 pallets a day and had been fuelled largely by the recovery of manufacturing and the growth in B2C, as well as its relationship with ecommerce giant Amazon.
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