Eddie Stobart Logistics subsidiary O’Connor Container Transport is set for further integration into the group after racking up a loss of £800,000. The loss, which the firm attributed to its strategy to turn the regional business into a national player, is laid bare in the company’s results for the year to 30 November 2016. The Widnes-based container haulage and storage business reported that despite turnover remaining stable at £23.1m (2015: £23m) profit plunged by 171% year-on-year from £1.1m in 2015 […]
Carillion’s bankers have launched a £225m fund to help subcontractors and suppliers hit by the construction and outsourcing giant’s collapse.
Creditors of NFT Distribution Operations have contacted Motor Transport, criticising the way its business and assets were sold and unhappy that it could take months before unpaid invoices are settled.
Pre-tax profit fell by a third last year at MT Top 100 company Fred Sherwood & Sons (Transport), despite a 2% increase in turnover.