Logistics firm snaps up large storage facility
Glasgow-based logistics and storage operator Bullet Express has growth firmly in its sights after sealing the acquisition of a large storage facility in the city.
The new logistics centre will expand the firm’s pallet storage capability by nearly 25 per cent to 26,000 pallets.
The facility – just 300 yards from the M74 motorway – also has a further 25,000-squarefoot yard for vehicle access.
Thanks to the “significant” seven-figure investment, the business will create about ten jobs.
The move comes amid a jump in business from both existing and new customers for storage services in response to tighter consumer delivery demand, following a 40 per cent rise in online shopping as a result of lockdowns.
Davidmccutcheon,co-founderandjointchiefexecutive,said: “This new facility increases our storage capacity by nearly 25 per cent and positions us better than ever before to respond to our customers’ needs.”
My old dad loved a bargain. He would make a regular trip to the Barras market in the east end of Glasgow so he could pick up some cheap cigarettes or butcher meat. Then he would rave to us all about his adventures in his wheelings and dealings in securing some prime stewing steak, pork sausages and the obligatory “square slice.”
But, when offered the chance to accompany him I would always decline. I didn’t smoke and would rather pay an extra quid or two to get my butcher meat from a reputable butcher in the town. That same “snobbery” or decision-making has accompanied me to old age and right now is turning me off my belovedcryptocurrencyecosystem.
I guess when many of you decide to make an investment you will use a professional broker, your bank or indeed do your own homework and pick a fund or stock that is well led and well managed.
In general, the whole investment industry in the UK is somewhat genteel and marketed to us with decorum, proper communication and from dedicated and well trained staff.
One investment company doesn’t slag off another. One financial advisor doesn’t speak badly of another. In short, there is a mutual respec tand professional standards. Unfortunately, this cannot be said for the cryptosphere. And this week it got a lot worse.
Being given the opportunity to write about crypto in this newspaper is a privilege. As many of you know I have gone right down the rabbit hole over the last 12 months, devouring crypto and macroeconomics for breakfast each day.
Not only do I read up, but I invest. I like many of the projects in crypto and the vision they have for changing the world over the next ten years. It not just all about investments “going to the moon”, but a feeling that economic change can happen in places like Africa, as a result of the technology being
built and deployed. But with all new industries comes immaturity.
Over the last week, the febrile and acerbic rivalry between crypto projects or “coins” has been awful. The catalyst for this has been the rapid ascent of a project called Cardano in market capitalisation since December.
From trading at around 15p then, Cardano or its currency - ADA - has now risen to 95p and currently sits at number three spot in market cap at $41billion behind Ethereum and Bitcoin. All looking good for Cardano, but the fallout between rival Bitcoin maximalists and the ethereal tribe has been as bitter as a Celtic v Rangers cup final, with three red cards and two players stretchered off.
On Twitter, where a majority of cryptocurrency interactions take place, the level of maturity in debate and comment has been woeful. Bad language, accusations, conspiracy theories, personal insults and spats have raged all week.
Anyone new to the space looking in would be aghast at the level of toxicity. And that is sad in what has the potential to be a trillion dollar market in the future.
This week, the crypto world on social media feels like the wild west. It reminds me of why I didn’t like the cut ‘n’ thrust of the Barras and prefer to shop at the supermarket meat counter.
Like all new entities, cryptocurrency will mature, evolve and grow up. The followers, “investors” and commentators will too
The sooner the better, before they precipitate a bile-fuelled spiral into the abyss, where folks don’t venture back.
Jim Duffy, MBE, Create Special