Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator. In a report to creditors explaining how the established and profitable business was forced to close down in March of this year, KSA Group said the car sector had been beset by lower volumes and fierce competition. This was due to oversupply and lower demand for vehicle movements, it added. However, the referendum vote in favour of leaving […]
FORS Gold member and tipper haulier P J Brown (Construction) has gone into administration.
The government’s recent decision to phase in the introduction of customs controls on goods entering Great Britain from the EU from the start of 2021 has been widely welcomed as a “pragmatic” move, allowing UK hauliers more time to adjust. However, they could also put extra pressure on cashflow.
The former directors of collapsed parcel carrier City Link have been cleared of failing to inform the government of impending staff redundancies before it went into administration last year.