News / Instafreight files for insolvency – but founder Ortwein hopes for restructure

Instafreight has filed for insolvency with a court in Germany – but its founder remains confident that restructuring could see the business continue.

Having filed at the Berlin-Charlottenburg bankruptcy court on Wednesday, it was reported that while its 3PL forwarding division had been temporarily discontinued, its 4PL transport management unit would operate as normal.

Yesterday, The Loadstar’s DeskOne noted Instafreight was “under significant financial pressure, [with] meetings thought to be under way to protect the business’s ...