More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3. According to R3, 13,038 (35%) of the UK’s 37,611 transport and haulage firms had a ‘higher than normal’ insolvency risk during April. Within this, the Yorkshire and the Humber fared best, with 30% of the region’s 3,068 transport and haulage firms at a heightened risk, a 4% fall from the previous month. This compares with a fall of […]
Birmingham-based Ware Transport has been snapped up by Trilogy Freight after entering administration.
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
JDL Logistics has entered administration with the loss of 29 jobs.