The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier. Gary Bethnal told MT that the decision to enter a CVA, which was backed by 99% of creditors, who will receive 37 pence in the pound over a five-year term, was not taken lightly – but was preferable to a pre-pack administration. “It has been a tough […]
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.
Malcolm Logistics unveiled its 50ft container at Multimodal yesterday (30 April), one of 40 that the company plans to introduce to both its road and rail operations.
One of the firms appointed to take on some of the postcode area of collapsed Palletline Logistics (Midlands) has entered a pre-pack administration.