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. S Walker Transport appointed Leonard Curtis to assist with winding down its business on 25 February, almost 19 years after it first began trading. It held an international O-licence authorising a total of 35 HGVs and 39 trailers out of two depots and undertook a range of haulage work, including moving recyclable […]
Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.