Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration. A report by administrator FRP Advisory states that as of 18 May unsecured creditors face a deficit of £7m. The administrator estimated that creditors could ultimately see a return of just 15p in the pound – although not until a liquidator is appointed – leaving them to shoulder an approximate £5.3m shortfall. More than 900 businesses have […]
Wincanton is trialling four low-level access tankers that is says will improve driver safety, and boost both its environmental credentials and vehicle utilisation. The “game changer” side manway design, which has been developed with manufacturer Feldbinder, provides side access to the silo tanker. Wincanton said the design combines the benefits of both tipping and silo tanks by reducing the potential dangers, while also offering around a 5% payload benefit compared to tipping tanks. Dave Rowlands, Wincanton’s technical director, said: “The […]
Halfords Group is renewing its entire long-haul fleet with 50 new Volvo FH tractor units.
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]