An 11th hour plea by the new owners of Aspray Transport, days before it went into administration last month, that its operating licences be surrendered rather than revoked, to avoid “negative connotations”, was rejected by the traffic commissioner who ruled that it “must have been abundantly clear” during due diligence that the firm had insufficient funds to qualify for the eight licences. Willenhall-based Aspray Transport, the delivery arm of Aspray Group, traded as Aspray24. It operated a fleet of around […]
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]
Cartwright Conversions, a subsidiary of the Cartwright Group in administration, has been sold to Sheffield-based Trek Group in a £4.8m deal.
A Redditch haulier closed down with the loss of 39 jobs after it lost two major customers amid an ongoing struggle to recruit drivers, according to its administrator.