24 WESTERN PALLET
1,400 Stolen Pallets Recovered in Riverside, California
On Monday, October 1, 2018, the Fontana Sheriff’s Station responded to a 9-1-1 call involving a robbery and an assault at a truck yard, according to a press release. When deputies arrived, they located a victim with a head wound sitting in the front of the driveway. The victim told deputies, he had been pistol whipped and tied up by four subjects while he was sleeping in his bed. The victim gave deputies detailed suspect descriptions that were captured on video surveillance.
During the course of the investigation, information was obtained involving a pallet yard in the County of Riverside with suspicious subjects unloading pallets from two tractor trailers in the darkness. Deputies drove to the County of Riverside and located five subjects at the Riverside location attempting to flee. After a thorough search of the area, they were all captured and taken into custody without further incident.
1,400 stolen pallets, and one stolen tractor trailer were recovered and returned to the owner of the business. The victim was taken to a local area hospital for medical treatment and is expected to recover. The five subjects were arrested and transported the West Valley Detention Center, where they were booked for charges involving home invasion, assault with firearm, vehicle theft and conspiracy. Anyone with information regarding this investigation is encouraged to call the Fontana Sheriff’s Station.
Greystone Logistics, Inc., a plastic pallet producer, has recorded quarterly sales for the first quarter of fiscal year 2019.
Sales for the three months ended August 31, 2018 were over $18 million compared to $10 million for the three months ended August 31, 2017 for an increase of almost 77%. Greystone’s sales to major customers in the quarter ended August 31, 2018 were 84% of sales compared to 73% in the same period last year. Greystone’s net income was $764,908 in the three months ended August 31, 2018 compared to $530,282 in the same period last year.
“The continuation of record-breaking sales in the first quarter of our fiscal year 2019 was expected based on the burgeoning development of our customer base”, stated CEO Warren Kruger. Kruger continued, “The number of customers with over 15% sales volume increased from two to three over the prior period. Our margins have not developed consistently with the increase in sales as front loading of costs continue to remain high. These costs include equipment, facilities, infrastructure, training, and maintenance costs. Our dedicated employees work daily to flatten out these costs, maximize production and implement cost saving initiatives.”
“In this quest for efficiency, we have ordered automation on two production lines that will begin to roll out in the third quarter which we believe will have a significant positive impact for our employees and on earnings in the long term. We anticipate rolling this automation across all equipment lines in the future."
Greystone Posts Record Results