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 […]
Equity firm ACC Capital has bought a majority stake in Lubbers Transport Group as part of a management buy-out at the firm.
Two transport managers at Lincolnshire bulk haulage firm Alford Traffic Services have completed a management buy-out.
A “strong” pipeline of new business in its logistics division helped Clipper Group offset a serious decline in turnover at its CV dealerships in the year to the end of April 2013, the firm’s annual accounts reveal.