Brexit and Covid take their toll on the logistics industry as another haulier goes bust giving Asda and Sainsbury's a headache (and hundreds lose their jobs)

Motor Transport has reported that one of the hauliers who service the big supermarkets has collapsed into administration.

The trade website said: “EV Cargo company EVCL Chill has collapsed into administration, forcing customers Asda and Sainsbury’s to overhaul their chilled logistics operations. PwC was appointed to the firm on Saturday (25 September) and 658 staff were transferred to its key customers. However, its collapse leaves more than 400 staff unsure about their future. The administration does not affect the wider EV Cargo Group, which continues to trade.”

The industry has been hit badly by Brexit and Covid with one leading to a driver shortage and thus a failure to maintain contracts and the other to a drop in demand by some customers but over demand by others. Hundreds of hauliers and logistic companies are members of ICSM as they work for almost every sector of the UK economy and need to know who is not paying their invoices or likely to go bust.

But the industry also has its own problems with historic debt a major factor in the demise of those who get into cash flow problems.

About ICSM Credit

ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.

For details about ICSM Credit call 0844 854 1850 or visit the website www.icsmcredit.com or email Ian at Ian.carrotte@icsmcredit.com on how to subscribe and to join the UK’s credit intelligence network to avoid bad debts and late payers. Follow ICSM Credit on FaceBook, Twitter and YouTube and Ian Carrotte on LinkedIn.

To keep up to date subscribe to the FREE ICSM Credit Newsletter to hear all the latest insolvency news and to see who has gone out of business click on the orange panel on the top left of the home page of the website www.icsmcredit.com or send an email to Ian.carrotte@icsmcredit.com

For details for the work of the journalist Harry Mottram visit www.harrymottram.co.uk