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 […]
MT Top 100 company Deben Transport has ceased trading, with an administrator expected to be appointed later today.
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.