Birmingham contract haulier Contact Transport has gone into administration with 61 employees made redundant. The company appointed administrators from RSM on 20 April and the business is now being wound down. RSM said the company suffered losses following a drop in turnover volumes, high vehicle damage and insurance costs, as well as costs incurred in restructuring the business. It was unable to raise additional working capital or funding to pay creditors and it had also been served with a winding-up […]
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
Birmingham-based Ware Transport has been snapped up by Trilogy Freight after entering administration.
Devon-based Gregory Distribution has acquired the business, assets and goodwill of Oxfordshire firm Interoute Transport Services, which went into administration on 17 May.