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 […]
Subcontractors for failed intermodal container haulier Catalyst Road and Rail Services have been handed a lifeline after Deben Transport stepped in to take on some of the work. Catalyst Rail Services, which holds two O-licences for a total of 25 vehicles and 29 trailers entered voluntary liquidation on 24 April. In a statement of affairs the liquidator estimates that trade and expense creditors are owed £982,000. It also said that the company’s books and records revealed that its bank account […]
Container haulier Pentalver was “assisted greatly by an upsurge in market conditions” in 2014 after it saw a 7.3% rise in turnover year-on-year.