Administrators handling the affairs of County Durham haulier Simpsons Logistics said it had stopped trading due to a combination of cash flow issues, a customer dispute and a winding up petition. The former Palletforce member and independent carrier of parcels and pallets entered administration in September, but according to consultants at RSM, 70 staff transferred to Logistics (Teesside) in August. The administrator has described the process as technically a pre-pack administration due to its speed. The following month, Simpsons Logistics’ assets, […]
Eddie Stobart Logistics has purchased The Pallet Network (TPN) for £52.8m.
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.
The Fortec Pallet Distribution Network has made two key appointments as it looks to enhance its corporate business and image.