ALAN PEAT THERE IS “absolutely no truth” in the story doing the rounds in the freight industry about Fourway Haulage going into liquidation, according to MD Andrew Radnitz. “It’s nothing more than a distortion of the facts,” he said - explaining that the rumour probably arose from the company selling off a number of heavy commercial vehicles. “But what we’re doing is re-sizing Fourway commensurate with changes in the market, and taking our company back to being asset-based against what our business has always been,” Radnitz added. The reason for the apparently sudden sell-off of vehicle assets was because the company increased its fleet size on an opportunistic basis to cope with the massive food aid that has been going into Central Africa over recent times. “But,” said Radnitz, “the food aid from the World Food Programme has now dropped sharply, and the new rigs were made redundant.” The adjustment of the fleet size was the result. Fourway Haulage, Radnitz explained, is a contracting company to Professional Consolidators - which represents Imperial Transport’s cross-border activities. “Both companies are associated to Imperial Logistics and Fourway is one of the companies which supplies trucks to Pro Con. “It is NOT going into liquidation.”
