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 […]
Systemic problems with Brexit red tape will continue to hit exports, RHA warns, as number of empty lorries leaving UK doubles
The RHA is disputing an Office of National Statistics (ONS) forecast that UK exports could rally as traders get used to the new rules.
Hull-based Trans 2 Logistics was sold to Clugston Distribution Services (CDS) for £30,000 after its main contractor hit financial problems and then Covid struck its bottom line, a new report has revealed.
The administrator attempting to salvage Prolog said it is in discussions with more than 70 interested parties to try and agree a sale of the Nottinghamshire warehouse and distribution firm.