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OTHER NEWS


AMTRAK SET TO GO INTO ADMINISTRATION


Amtrack Express Parcels has gone into administration this month, citing weak consumer spending as one of the primary reasons.  Although Amtrack is probably the most high profiled company to be hit by the tough delivery market conditions other companies, such as E Pawson & Sons from Yorkshire, have also fallen this week.  Pawsons, like Macfarlane Transport who bit the dust last month, blame the increasing fuel prices in the UK.

Amtrak previously escaped last year after being forced into administration after a large customer collapsed owing Amtrak a large amount of money.  The current management team of Amtrak took the company on in 2007 after the last collapse and were described as being one of the industry’s most experienced management teams.

Amtrak owns and employs its own fleet of vehicles and drivers, and this meant that unlike other parcel carriers that use franchises, all of the increases in fuel costs, and all of the downturn from reduced consumer spending, falls straight on Amtraks shoulders.  Some of the networks that use franchisees may have benefited from a little bit of cushioning from the harsh trading realities that courier companies are currently finding themselves in.

 

 


 

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GEORGEA
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  HGV’s - THE GENTLE GIANTS OF THE MOTORWAYS
  DRIVING SAFE - GET SOME SLEEP!
  AMTRAK SET TO GO INTO ADMINISTRATION


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