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 […]
Smyths Toys Superstores has awarded Wincanton a one year distribution contract to handle the toy retailer’s nationwide deliveries. The contract will see Wincanton manage product distribution from the retailer’s warehouse in Newcastle-under-Lyme to its 39 stores across the UK. “When we began to look for a logistics partner we had a clear vision that we needed a provider with the scale and flexibility to meet our busy peak periods, such as the run-up to Christmas, to achieve maximum sales potential,” […]
Wincanton has slammed the government’s forthcoming Lorry Road User Charge (LRUC) for not doing enough to level the playing field between UK and foreign operators. In a blog on its website the largest UK-owned operator said that the widely reported charge of £10 per day for foreign lorries to run on British roads “ought to be four or five times that amount” to “have any real impact”. Later this month the government will publish draft legislation containing details about the […]
UPS is to build a £120m package sorting and delivery facility at DP World’s London Gateway.