PS Forwarding’s New Chapter: Transition to Employee Ownership

PS Forwarding’s New Chapter: Transition to Employee Ownership through EOT, 2024 3 min read

In a landmark move for the UK freight forwarding industry, PS Forwarding has transitioned to an Employee Ownership Trust (EOT) as of October 2024. This bold step ensures the company’s future remains in the hands of those who know it best—its people. By shifting to employee ownership, PS Forwarding not only strengthens its culture of collaboration but also secures a sustainable future for its clients and workforce alike.

Why Employee Ownership Matters

Employee Ownership Trusts (EOTs) have been gaining traction across industries as a proven model for long-term business success. Unlike traditional buyouts or acquisitions, EOTs place the company in the care of its employees, aligning incentives, fostering innovation, and protecting company values.

For PS Forwarding, this means continuity, stability, and a renewed focus on customer service. With employees becoming collective stewards of the business, decision-making can remain aligned with the company’s mission rather than external shareholders’ short-term interests.

Benefits for Employees and Clients

For employees, ownership brings a stronger voice in the company’s direction, greater financial participation in its success, and the pride of being true stakeholders. Studies on employee-owned firms have shown improved staff engagement, lower turnover, and higher overall satisfaction—factors that directly translate into better client service.

For clients, the EOT transition means consistency and reliability. Customers can expect the same high-quality service from a team deeply invested in the company’s success. Employee ownership has been linked to long-term customer loyalty, as staff have a direct stake in maintaining and improving service standards.

Protecting Culture and Future Growth

One of the most powerful aspects of the EOT model is its ability to safeguard a company’s culture. PS Forwarding has built its reputation on personal relationships, trust, and adaptability in a fast-moving logistics environment. By handing ownership to its people, the company ensures these values remain at its core.

Additionally, employee ownership provides a strong foundation for sustainable growth. With employees motivated to think and act like owners, PS Forwarding is well-positioned to embrace innovation, expand its services, and remain competitive in the evolving logistics sector.

A Milestone Worth Celebrating

The shift to employee ownership is more than a structural change—it’s a statement of intent. PS Forwarding’s move reflects confidence in its people and commitment to a long-term vision. By becoming an EOT, the company has written a new chapter in its history, one that prioritizes collaboration, resilience, and shared success.

As PS Forwarding enters this new era, both employees and clients stand to benefit from a business model designed for sustainability, engagement, and excellence.