Vehicle logistics service feels pinch from car market downturn
 |
|
The company says Covid-19 has also contributed to market volatility |
Intermodal operator Linx Cargo Care Groups (LCCGs) car-carrying arm, Autocare Services, is placed into voluntary administration.
In a statement, LCCG notes the decision to place Autocare Services into voluntary administration was necessary due to successive years of operating amongst volatile market conditions, declining vehicle volumes and increasing operating costs, which have impacted Autocare Services ongoing financial viability.
Voluntary administration allows the business to affect restructuring activities with the intent it can emerge post the voluntary administration p…
Read the full article at: https://www.fullyloaded.com.au/industry-news/2102/linxs-autocare-services-in-voluntary-administration