Subcontractors for failed intermodal container haulier Catalyst Road and Rail Services have been handed a lifeline after Deben Transport stepped in to take on some of the work. Catalyst Rail Services, which holds two O-licences for a total of 25 vehicles and 29 trailers entered voluntary liquidation on 24 April. In a statement of affairs the liquidator estimates that trade and expense creditors are owed £982,000. It also said that the company’s books and records revealed that its bank account […]
Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-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.
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.