Pallet industry David tries to slay Goliath

(Reuters) – Most of us only care what they hold, but for David Lee shipping pallets are the prize.

“People refer to them as necessary evils and I think that’s sad,” said Lee, 62, the CEO of fast-growing Yonkers, New York-based Peco Pallet Inc, which rents wooden pallets used by consumer products makers to move and store goods.

“Without them is like without the plane,” he said. “You can’t get across the pond. You can’t get from state to state easily.”

Lee should know. He helped build the rental pooling system in the U.S. as an executive at industry giant Chep, which entered the U.S. market in 1990. Now he’s working for an upstart aiming to take away its business. Read more.

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