One of the firms appointed to take on some of the postcode area of collapsed Palletline Logistics (Midlands) has entered a pre-pack administration. Palletline network member Task Force Movement & Storage entered administration, alongside sister firm Laplock Securities, on 5 August. Administrator PricewaterhouseCoopers (PwC) completed the sale of the firms, including the trading name of Task Force Movement and Storage, the next day to Mission Logistics. The firms share common directors: Stephen Allen and Carl Bowcock. A PwC statement said: […]
Devon-based Gregory Distribution has acquired the business, assets and goodwill of Oxfordshire firm Interoute Transport Services, which went into administration on 17 May.
Witham, Essex-based Orb Logistics, the succesor to Task Force Movement & Storage, has gone into administration.
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.