Felixstowe-based container haulier Deben Transport has acquired fellow container specialist Elite Transport Services out of administration. Elite Transport Services has been trading under terms of a company voluntary arrangement (CVA) however administrators BDO said that they were appointed earlier this month after the loss of a major customer at the struggling container haulier. Now Deben and Elite will merge in a move that Felixstowe-based Deben said will secure the majority of jobs at Elite as well as giving continuity of […]
Unsecured creditors of failed Deben Transport will not see a payout unless a claim relating to the truck cartel case proves successful, the firm’s administrators have said.
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.