The transport sector is showing increasing signs of financial strain, according to insolvency specialist Begbies Traynor. The firm’s Red Flag Alert research revealed a 16% rise in the number of road freight companies showing financial distress. The research, which monitors the financial health of UK road freight companies, found increased cost pressure from rising fuel prices and the uncertainty created by Brexit has resulted in 2,487 companies classified as under significant financial distress in Q1, compared with 2,153 in Q4 […]
The RHA has repeated its plea for more government help for hauliers, after a new survey revealed 16% of operators are in danger of becoming insolvent within four weeks.
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
Ipswich-based Go Freight Transport has closed its doors and appointed an insolvency practitioner.