A Felixstowe-based transport and warehousing company collapsed following a decision by the nearby port to terminate its storage agreement, according to administrators. Karl King Transport operated 60 HGVs split between three depots, including premises within Felixstowe Port, which were used to service its major customer Aldi. Expansion of this contract in 2018 meant it had to source premises with additional capacity and as well as a warehouse at the port, administrators at Parker Andrews said the haulier also struck a […]
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated.
JDL Logistics, which entered into administration last month, is to close down in the next few weeks with the loss of all jobs.
The administrator handling the affairs of failed Cornish haulier Ian Aldridge Transport has revealed that a director removed assets from the business before it was appointed, potentially breaching insolvency laws.