Creditors of Searon Logistics are thought to be owed £7.26m after the Felixstowe company’s fall into administration. A reduction in haulage rates followed by an announcement by shipping lines in March that they were “changing alliances” led to the haulier’s collapse in July. In a report to creditors, the administrators at McTear, Williams & Wood said the shipping lines’ announcement was “the biggest change in the industry for nearly 20 years and caused the company a major problem as its […]
Fowler Welch is on course to achieve a stronger set of financial figures this year than last, the chief executive of its parent company has told MT.co.uk. Dart Group’s Philip Meeson said despite tough prevailing economic conditions, Fowler Welch continues to grow its business and prove that its service levels are attractive to customers. “We’re gaining more business and we’re very satisfied with the progress that is being made and the support we get from our customers,” said Meeson. “The […]
Petition demanding investigation into Palmer & Harvey collapse attracts 8,600 signatures in two days
A petition demanding an investigation into the demise of own-account wholesale operator Palmer Harvey & McLane (P&H) has raised more than 8,600 signatures in two days.
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.