Industry Analysis & Industry Trends
The industry's growth slowed during the recession as downstream demand from the retail and manufacturing sectors declined. This factor contributed to a decline of industry revenue in 2008 and 2009 as freight volumes declined. However, freight volumes and total trade value have since increased, boosting demand for pallets and skids used in transportation and warehousing of goods. Furthermore, the industry has benefited from an increasing number of companies that use pallet rental programs rather than purchasing pallets.... purchase to read more
Industry Report - Industry Products Chapter
Pallets offer the opportunity for the efficient transportation of items on a large scale. Skids and pallets have partially hollow interiors that allow forklifts and other materials handling equipment to lift loads from one area to another; most pallets are wooden but some are also plastic.
Wooden pallets and skids
Wooden options are known in the industry as “white wood” pallets, and generate the majority of industry revenue. Rental companies often paint their white wood pallets and skids to differentiate them from competitors. For example, CHEP paints its wooden pallets blue, while PECO uses red. The major companies in this industry primarily offer wooden pallets, while relative newcomer iGPS offers plastic options... purchase to read more