A bad debt and the loss of its largest client set off a chain of events that sunk old Canute leading to a controversial rebirth in May, MT takes a closer look. Canute Haulage Group’s demise and phoenix-like resurrection in May courtesy of a pre-pack sale led to shock, confusion and anger. Here was a company that had a turnover of £106m in the year to 31 July 2016 and had been a fixture on the UK road network since […]
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.
Nearly 150 former City Link staff are preparing to take group employment action against the failed parcels carrier in the hope of receiving a larger compensation payout.