A pre-packaged sale of Staffordshire haulier Pro Freight Solutions took place following the high-profile collapse into administration of its customer, The Book People. In a report to creditors, FRP Advisory said Pro Freight Solutions, which held a licence authorising a total of 30 HGVs out of two operating centres, first experienced financial problems in 2017 when it lost a number of customers, which historically placed around £2m worth of business with the general haulier. In an attempt to reduce costs, […]
Former City Link parent Better Capital has revised up the amount it expects to receive from its investment in the collapsed parcel carrier.
Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs.
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 […]