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UK Pallets to close

[ January 14, 2015   //   ]

Private postal operator UK Mail Group is to close down its UK Pallets arm, citing poor performance and falling profits. The operation is seen as non-core, accounting for around 6% of the parent company’s total revenues.

UK Mail had warned investors in November that it would need to take action to address the problems at the Lichfield-based pallets operation.

Fellow network operator Pall-Ex said it was offering assistance to the 73 UK Pallets hauliers affected, as well as customers affected by the closure.

Pall-Ex said it would meet with all members and customers, and will be officially recommended as the palletised freight network of choice by UK Mail Group.

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