Creditors of Palletline Logistics (Midlands) have voted in favour of the company voluntary arrangement (CVA) applied for by the haulier last month. MD Bob Russett (pictured) told Motortransport.co.uk he had mixed feelings after approval of the CVA this week (16 May): relief that it had passed ensuring a future for the business, but disappointment that the action had been necessary. “We are trading profitability and intend to keep doing so,” says Russett. The Birmingham haulier’s cashflow problems stemmed from errors […]
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
One of the firms appointed to take on some of the postcode area of collapsed Palletline Logistics (Midlands) has entered a pre-pack administration.
Miniclipper Logistics is leaving Pall-Ex after more than 15 years with the network to join rival Palletline. The Leighton Buzzard-based firm was one of the founding members of Pall-Ex went it launched in 1996. Jayne Masters, sales director at Miniclipper, tells MT.co.uk that it wasn’t an easy decision to make. “Periodically, every two years we would review our position and look at other networks, but last summer there were one or two service issues and we also wanted to be […]