Creditors of NFT Distribution Operations have contacted Motor Transport, criticising the way its business and assets were sold and unhappy that it could take months before unpaid invoices are settled. PricewaterhouseCoopers (PwC) has confirmed that it was appointed administrator of the company, which is headquartered in Alfreton, Derbyshire and had a workforce of 2,231 staff. PwC said that on 31 January the majority of NFT’s business and assets were sold to EV Cargo Logistics in a pre-packaged deal following the […]
Gefco, the logistics arm of PSA Group, saw its global revenue rise 12.9% in 2011 as it prepares to embark on what it describes as a “decisive year” for the company. For 2011 Gefco reported global revenue of €3.8bn, compared to €3.4bn a year ago, and an operating income of €223m (2010: €198m). Excluding its PSA business, revenue was up 19.2% to €1.4bn. In January Gefco revealed new contract wins with Chevrolet and HPC Healthline. A statement from the firm […]
City Link’s administrators have made more than 2,300 staff at the failed business redundant.
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.