Felixstowe-based container haulier Deben Transport has acquired fellow container specialist Elite Transport Services out of administration. Elite Transport Services has been trading under terms of a company voluntary arrangement (CVA) however administrators BDO said that they were appointed earlier this month after the loss of a major customer at the struggling container haulier. Now Deben and Elite will merge in a move that Felixstowe-based Deben said will secure the majority of jobs at Elite as well as giving continuity of […]
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.
In the weeks leading up to its collapse, Deben Transport attempted to make changes to its depot network as it battled to stay afloat.