Unsecured creditors of failed Hull-based haulier AR Lunn Transport & Warehousing have received just 4% of the money owed to them, the firm’s administrators have revealed. In its final progress report covering the six months to 28 February, PricewaterhouseCoopers said it had paid just over £76,500 to unsecured creditors of the firm, which entered administration in early 2012 blaming rising fuel prices and other operating costs. That sum represented a first and final dividend of 3.99 pence in the pound. […]
Tesco has been forced into issuing an apology after its distribution director posted a message on social networking site Twitter that appeared to celebrate the closure of a number of distribution depots.
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.
Logistics and manufacturing associations have warned that Tata’s decision to sell off its steel operation in the UK will have major repercussions on the wider economy unless a buyer is found.