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Haulage firm and jobs saved in buyout
Western Mail
|March 13, 2026
A WELSH family transport business that entered administration has been saved after being bought out.
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The jobs of 61 people have been preserved as a result.The business and assets of Freight Movement Limited, headquartered and founded in Newport, have been purchased out of administration by Monex Distribution Ltd, allowing the firm to continue.
The director of Freight Movement, which was established in 1998, appointed Huw Powell and Katrina Orum from BTG Begbies Traynor as Joint Administrators on March 6, following revenue losses due to the closure of a depot, escalating costs, bad debt and other factors leading to the company's insolvency.
This story is from the March 13, 2026 edition of Western Mail.
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