MT Top 100 company Deben Transport has ceased trading, with an administrator expected to be appointed later today. The Felixstowe-based operator, which rescued Elite Transport Services from administration in 2013, blamed a “sustained period of losses” for the decision to cease trading, in a termination of employment letter seen by Motortransport.co.uk. The letter, which carries Deben boss and former commercial director Rachael McCall’s name on it, states that while various funding options have been explored to keep the company going […]
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.
Unsecured creditors of Canute Haulage Group and its successor are set to be left almost £11m out of pocket after last year’s doubleheader of collapses.
Kinaxia Logistics has added the ninth haulier to its rapidly expanding stable, rescuing Bollington-based BC Transport from administration.