The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier. Gary Bethnal told MT that the decision to enter a CVA, which was backed by 99% of creditors, who will receive 37 pence in the pound over a five-year term, was not taken lightly – but was preferable to a pre-pack administration. “It has been a tough […]
Wincanton’s contract logistics business “is continuing to perform robustly”, it has said, while the company was hit by low volumes in its container business.
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.
It has emerged that chilled and ambient logistics specialist Davis Haulage entered into a company voluntary arrangement (CVA) months after it was bought by the owner of Widdowson Group.