The administration of Manchester construction haulier Digway was precipitated by Stobart Rail withholding £317,000 from the company after its new management discovered it had overpaid by hundreds of thousands of pounds. The detail is included in a report to creditors from administrator Cowgill Holloway Business Recovery, which explained how a string of bad debts also caused cashflow problems to Digway. At its peak, the haulier was making revenues of £3.06m, but in late 2018 and early 2019, two bad debts […]
Growth in haulage rates slowed almost to a halt in the first three months of the year, according to the latest figures from the Office for National Statistics (ONS). Average haulage rates grew by just 0.1% against a 2005 baseline in the first quarter of 2013, down from 0.2% during the final quarter of 2012, the latest Services Producer Price Index from the ONS has revealed.
Scottish multimodal operator John G Russell boosted pre-tax profit by 8% last year despite suffering from floods, sluggish rates and disruption on cross-channel routes.
Lloyd Fraser Holdings has delivered a mixed performance in what it described as a “very challenging” and price driven market.