Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-year. Insolvency Service data for England and Wales shows that in 2014, a total of 294 companies became insolvent, a 25% fall on the previous year and 44% lower than the 529 in 2011. Andrew Tate, vice-president at insolvency firm R3, said: “While there have been a number of high-profile cases of business failure in the transport […]
Arcese UK said it expects 2013 to remain as flat as 2012, despite posting a 77% increase in pre-tax profit in 2012.
Kuehne + Nagel’s road and rail logistics division saw volumes fall in the third quarter due to seasonality and the tough economic conditions affecting Europe, dragging down its nine month performance. It meant EBITDA was 9.6% down on the same period of last year for the first nine months of 2012 at CHF 28m (£18.7m). Despite this, invoiced turnover increased 6.9% to CHF 235m. EBITDA within its contract logistics division in the nine-month period was flat year-on-year at CHF 115m, […]
Proposals to grant business groups the power to challenge unfair payment terms on behalf of their members are being considered by the government.