Transport firms facing collapse in the wake of the Covid-19 pandemic have been thrown a lifeline in the form of a new law. The Corporate Insolvency and Governance Act, passed last week, marks the most significant change to the UK’s corporate insolvency regime in more than 20 years. Announcing the new law, the government’s Insolvency Service said it introduces “temporary easements to give distressed businesses the breathing space they need to get advice and seek a rescue”. It added: “It […]
Logistics companies are paying thousands of pounds to private clinics to test their drivers and warehouse staff for the coronavirus in the absence of widespread testing for the disease by the NHS.
The Office of the Traffic Commissioner has issued a reminder to vehicle operators about the new financial standing levels that will apply from next month.
Lockwood Haulage reported a 3.7% increase in turnover last year, which it attributed to investments in its fleet and its warehouse capacity.