The administrator of Stanian Transport said the company has about 70 lorries participating in a legal claim for compensation from truck manufacturers involved in a price-fixing cartel. Alvarez and Marsal Europe LLP are currently managing the Manchester haulier’s affairs after it entered administration on 18 November 2019. On the same day, it was sold in a pre-pack deal to the children of its directors, who run a smaller transport firm called HNC Transport. In its latest report to creditors, the […]
The FTA has warned its members that a hard Brexit may force them to rethink their business models.
The road transport industry has sent a joint letter to prime minister Boris Johnson pleading for extra help during the coronavirus pandemic to prevent “widescale business collapse that could reduce capacity by as much as 50%”.
TNT Express chief executive Marie-Christine Lombard has resigned, ahead of the parcel company’s acquisition by UPS. Chief financial officer (CFO) Bernard Bot will take over her position as interim CEO at the end of September, when Lombard leaves the company to pursue another career. “It is regrettable that Marie-Christine has decided to leave TNT Express now. We thank Marie-Christine for her contributions and wish her well for the future,” said Antony Burgmans, chairman of the supervisory board at TNT Express. […]