GXO claims Wincanton takeover will not hurt UK food retailers
The world’s largest pure-play contract logistics operator (PPCLO), GXO, has argued that its intended acquisition ...
EV Cargo’s cold chain subsidiary, EVCL Chill, has declared bankruptcy, with accountancy firm PwC appointed administrator.
The company employs 1,092 staff and operates 374 trucks and 432 trailers across six distribution centres, supporting food distribution across the UK for major food retailers such as Sainsbury’s and Asda.
In 2020, it earned revenues of £167m ($229m) and was “cash-generative”, however a combination of fewer customers and soaring driver costs this year has forced it into administration.
“EVCL Chill has struggled with a loss of ...
Maersk eyes 'cut and run' moves as port congestion brings delays
Maersk skips call at Rotterdam as labour issues bring delay
Blanked voyages fail to halt sliding spot rates, and March GRIs will be resisted
U-turn on de minimis ban, following 'processing issues', as trade war heats up
Metals tariff rocks auto industry, and Trump smiles on bribes in foreign deals
CBP won't be ready for flood of extra processing after de minimis pause
Ecommerce platforms cancel flights and slash capacity – market is 'a mess'
Near-shoring drives Mexican warehouse space to historic lows
Comment on this article