Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect. The operator, which is based in Thame, appointed administrator Quantuma last Friday afternoon (17 May). MT understands that Interoute director Neil Daniells had been offering the business for sale ahead of its collapse. Carl Jackson, partner at Quantuma, told MT that the transport side of the business – a member of both the Pall-Ex and Hazchem Networks – had been loss making for […]
FRP Advisory, the administrators of Charles Gee Group, has confirmed to Motortransport.co.uk that it is still seeking a buyer for some of its road transport interests.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.