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 […]
A reduction in car registrations and uncertainty over Brexit led to a pre-tax loss of £480,000 at bimodal car transporter STVA UK in 2018.
The latest UK Labour Market survey from the Recruitment and Employment Confederation (REC) and KPMG has underlined the acute driver shortage that is threatening to stymie operator growth.