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 […]
Knowles Transport has returned to profit after securing two major deals, undertaking a management restructuring, and introducing tighter financial controls while resolving operational problems at its Wisbech DC.
Volvo Group has announced the appointment of former Scania president and chief executive officer Martin Lundstedt (pictured) as its own new president and CEO.
Unsecured creditors of failed Hull-based haulier AR Lunn Transport & Warehousing have received just 4% of the money owed to them, the firm’s administrators have revealed.