More than 100 jobs are at risk after a Birmingham-based haulage company called in the administrators.
Cross Transport, which has an operating centre in Swadlincote authorising 20 HGVs, appointed insolvency experts SFP to the business on 5 June.
According to official documents, it was established in 2010.
It operated a range of vehicles, from small vans up to 44-tonners and offered general and contract haulage, as well as palletised freight services.
Its last set of accounts, for the year ending 28 February 2022, showed that turnover had reduced from £22m to £16.4m and it made a pre-tax loss of £157,000.
The previous year it had made a pre-tax profit of £2.3m.
It said it employed 117 staff during the period and in a review of its business, Cross Transport blamed fuel and labour cost increases for the loss.
It added: “Overheads have increased in what has again been a year of significant change and overall operating profit and profit before taxation have decreased considerably versus last year.”
According to the office of the traffic commissioner, the haulier was scheduled to appear at a Birmingham public inquiry on 4 July for the TC to consider disciplinary action and the transport manager’s repute.
SFP was approached for comment.