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TRUCKING INDUSTRY CRISIS * UK - Amtrak's last post?
London,UK -The Road Transport, by Dominic Perry/Motor Transport-27 August 2008: -- Falling volumes are being blamed for the collapse of business-to-consumer parcel carrier Amtrak, which went into administration on 22 August, putting 900 jobs at risk... Although a statement from administrator Ernst & Young says that it is "assessing the financial situation of the business" and warns about service disruption, several depots told MT that the business had ceased trading as of 26 August... However, MT was unable to confirm this as we went to press...* 60 staff made redundant at Sandy McCracken
London,UK -Commercial Motor/The Road Transport, by Roanna Avison -26 August 2008: -- Sandy McCracken & Son has made 60 staff redundant after calling in provisional liquidators last Friday (22 August)... McCracken, which ran 45 trucks and 55 trailers, called in MLM Insolvency to investigate if it could continue operating and find a buyer, or whether it would have to go into liquidation... MLM partner Maureen Leslie says: "Sandy McCracken is still operating its biggest accounts and we are talking to some interested parties about selling the business which includes a 5.5-acre yard two miles off the M74"... Leslie adds that most of those made redundant were drivers...
Labels: trucking industry crisis
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