All Operator news articles – Page 231
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MT Article
Poundworld creditors will be left short changed warns administrator
Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute.In a progress report from Deloitte marking a year since negotiations with potential buyer R ...
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MT Article
Eddie Stobart Logistics management obstructed auditor, KPMG letter reveals
Eddie Stobart Logistics management made it difficult for KPMG to obtain "sufficient audit evidence" as it tried to compile the company's annual accounts, which prompted the accountancy firm to resign as its auditor.In a formal resignation letter to Eddie Stobart management, sent in November last year, KPMG stated: “Our reason ...
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MT ArticleEddie Stobart Logistics suspends shares as CEO steps down
Eddie Stobart Logistics (ESL) has applied for its shares to be suspended from AIM trading after it failed to publish its half-year results in time.The company has also announced that CEO Alex Laffey is to step down with immediate effect.It is understood that Sebastien Desreumaux, currently CEO of iForce and ...
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MT ArticleTransfreight Automotive Logistics Europe in liquidation after Yusen buyout
Transfreight Automotive Logistics Europe (TALE) has entered liquidation after Yusen Logistics acquired the business and hived up its operational activities.TALE was bought by Yusen in 2017 as part of a strategy of continued growth.At the time, the company said the acquisition would “enhance Yusen’s existing automotive network capability by adding ...
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MT ArticleAspray Transport in administration due to "historical mismanagement", owners tell staff
"Historical mismanagement” combined with operating licence "issues", Brexit and rising fuel prices led to Aspray Transport's demise, according to a letter sent by the firm's owners to its employees. The company, which was the delivery arm of Aspray Group, ceased trading last week, six months after the group was acquired ...
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MT Article
Pall-Ex delivers growth despite "tough" market conditions
Pall-Ex defied “challenging” market conditions to deliver a 31% leap in pre-tax profits and a 10% rise in member volumes last year.In its latest annual results to 31 July 2018 the pallet network, which has around 95 members, saw turnover increase by 8% to £71m (2017: £65.9m) with pre-tax profit ...
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MT ArticleArrowXL's new Worcester hub rises from the ashes
Delivery firm ArrowXL is set to move into a brand new facility in Worcester next month, more than two years after its original hub was burnt to the ground.The fire took hold in April 2017 at the firm's hub on the Blackpole Trading Estate in Worcester.It saw the two-person home ...
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MT ArticleJobs gone but assets still being sold at Ian Aldridge Transport
Administrators for Ian Aldridge Transport said 30 staff were made redundant prior to its appointment in July.The Cornish haulier ceased trading on 8 July before administrators at BDO LLP were appointed more than two weeks later on the 24th. Calls to the company were being answered, but last week a ...
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MT ArticleGeodis expands Cotswold Fayre relationship
Geodis has been appointed by wholesaler Cotswold Fayre to manage its warehousing and the distribution of its portfolio of food and drinks to retailers across the UK, under a three-year deal.The operator has been delivering all Cotswold Fayre’s shipments to its 1,750 retailers since March, and starting this month is ...
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MT Article
Administrator continues pursuit of D&A Media Bristol directors over unpaid sums
The administrator of a haulage firm in Cardiff said it was still chasing its directors for more than £364,000 it believes is owed by them – and it hasn’t ruled out pursuing them through the courts.D&A Media Bristol entered administration in June 2018, by which time it had a turnover ...
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MT Article
Eddie Stobart national distribution centre gets go-ahead but local opposition calls for government veto
Eddie Stobart Logistics' plans to build a £75m national distribution centre on green belt land at Appleton Thorn has won the backing of Warrington Borough Council but local councils opposed to the scheme are calling on the Secretary of State to veto the decision.The haulier's application for the DC, ...
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MT Article
Steve Porter Transport joins Knights of Old Group
Steve Porter Transport has been added to the Knights of Old portfolio in a move that sees the group strengthen its links in the south of England.The company, which employs around 70 staff, runs a fleet of 40 trucks and 80 trailers and has depots Portsmouth, Southampton, Newport and Cowes, ...
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MT ArticleInternational Logistics Centre steps back from Palletways after trouble with traffic and "difficult" residential deliveries
Congestion on the A1 combined with the challenges of making B2C deliveries has seen International Logistics Centre stop delivering for Palletways, nine months after joining the network.The Newark-based company, which left Fortec to join Palletways, is continuing to input for the latter but has surrendered postcode areas LN1, LN5 and ...
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MT Article
Connect Group finds little appetite for £35m sale and leaseback deal amid Tuffnells' struggles
Connect Group has warned its performance since May has been “slightly below” market expectations, as it revealed that its plan to slash group debt through the sale and leaseback of property had hit the buffers.In a trading update today (13 August), the group said that “due to the current market ...
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MT Article
Dave's Dragons to race and raise funds in memory of David Preston of Prestons of Potto
The British crew of the 1990 World Dragon Boat Championships is reuniting to raise funds for Teesside Hospice in memory of former team mate David Preston of Prestons of Potto, who died in March.The team will come together to compete at the Stockton-on-Tees Dragon Boat Festival on 1 September in ...
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MT ArticleXPO Logistics extends deal with Arco
XPO Logistics has won a multi-year contract renewal with safety equipment, work wear and safety services supplier ArcoXPO Logistics provides Arco with what it describes as an integrated, digitally managed transport service for less-than-truckload (LTL) distribution in the UK.The shared network uses XPO technology to manage direct order entry, track ...
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MT Article
Ian Aldridge Transport enters administration and ceases trading
Cornish haulier Ian Aldridge Transport has entered administration and ceased trading.However, a call to the company revealed that its haulage operation has apparently transferred to another business.Simon Girling and Christopher Marsden at BDO were appointed to the Launceston firm, which as well as general haulage also undertook refrigerated, waste and ...
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MT ArticleTurners (Soham) snaps up Jack Richards & Son to enter general haulage market
Turners (Soham) has purchased 80% of haulier Jack Richards & Son, in a move that sees it enter the general haulage market for the first time.The deal brings together two privately-owned family businesses creating a combined fleet of more than 2,100 vehicles and 3,500 trailers.Together with Jack Richards & Son, ...
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MT Article
Mandating assisted pallet-trucks has put us ahead of the curve, says Pallet-Track boss
The boss of Pallet-Track has told Motortransport.co.uk he has absolutely no regrets about mandating power-assisted pallet trucks for all tail-lift deliveries across the network.The move, agreed by members and paid for in part by an increase in the pallet network’s internal delivery rate, came into force from the start of ...
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MT Article
Aspray Transport to shut its doors next week placing 449 jobs at potential risk of redundancy
Aspray Transport is to close its doors next Friday (16 August) with up to 449 jobs potentially at risk of redundancy after attempts to revive the business proved in vain, Motortransport.co.uk can reveal.The Willenhall-based Aspray Group was acquired by Lee Bushell’s Bushell Investment Group in March.Aspray Transport, the next-day delivery ...