Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic. Ian Vickers and Philip Harris, partners at business advisory firm FRP, have been appointed joint administrators to Rhys Davies & Sons today (8 December). In a statement the auditors said Rhys Davies, which was founded in 1952, “had been acquired by Cathay Group after a long period of losses and despite significant investment from its owners […]
Record numbers of hauliers declined to move goods from France into Britain in the second week of January whilst those that did raised their prices significantly.
Suttons Tankers has won new business with Grace Overseas, transporting chemicals needed for hygiene products, which will contribute to the battle against Covid-19.
The Office of the Traffic Commissioner (OTC) is warning public inquiry (PI) attendees that they must follow the 14-day quarantine rule when arriving back in the UK from a country that is not on the exemption list.