City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said. A report compiled by the Business, Innovation and Skills and Scottish Affairs Committees, which concludes an inquiry into the impact the administration has had, recommended an overhaul of the insolvency regime, including the order in which staff, subcontractors and suppliers are paid. […]
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.
More than a third of hauliers (35%) have felt an effect from Britain’s decision to quit the EU, according to a new survey.
Irish delivery firm Nightline has stepped in to handle most of the express parcels work that had been handled by Target Express prior to its collapse. The company said it had agreed to an “open-ended arrangement” with City Link, which involved handling both collections and deliveries on that carrier’s behalf in the Irish Republic. “We’re delighted to be partners once again with City Link as we had both enjoyed a close working relationship for a decade from the late 1990s,” […]