DX Group has bought some of City Link’s assets for £1.1m as the administrator. DX, which is headed up by former City Link MD Petar Cvetkovic, has bought assets including cages, scanners and certain intellectual property, the nature of which has not been disclosed. The sale comes as a spokesman for administrator Ernst & Young (EY) told Motortransport.co.uk that City Link’s leased the majority of its 1,700-stong vehicle fleet prior to it entering administration on Christmas Eve. This included around […]
Throughout the year, Motortransport.co.uk has bought you the biggest news in the road transport industry. Here we bring you the top 10 most read stories of 2012: 10. Stobart Group in for Autologic with £12.4m cash offer June saw Stobart make its offer for the car transporter firm, which valued Autologic at £12.4m. The deal made Stobart the largest car transporter haulier in the UK. 9. Hermes opens Coventry and Carlisle depots 2012 was a year of expansion for Hermes […]
Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading.