Brambles revenue jumps but US market threatened

Brambles announces revenue rise, but plans overhaul of its United States interests

Australian-based pallet empire Brambles has announced a rise in revenue, but the company is planning an overhaul of its United States interests as it battles a new plastic competitor.

Brambles has announced a revenue jump for the ten months from July 1 2008 to May 2 2009 across its businesses, with the exception of its Recall interests in the US.

According to documents released to the ASX today the company says its pallet and container pooling services company CHEP had experienced growth in all of its global markets.

Growth was most significant in the Americas were revenue grew by 3 percent compared to 2 percent growth in the Asia Pacific and European regions.

That's despite the growing threat in the market from plastic pallet producer iGPS, which has acquired business from companies such as large-scale US food producer General Mills.

More at logistics management portal

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