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 […]
Heywood, Lancashire logistics firm Yearsley Group has begun taking delivery of the first of 26 new trucks and 50 new trailers being added to the fleet to cope with additional business.
The administrators of a Cardiff-based haulage firm are pursuing legal action against one of the company’s former directors for an unpaid debt.
Northern Ireland-based Woodside Logistics Group saw operating profit boosted by 20% to £2.8m last year, despite a “challenging environment”, its latest annual results have revealed.