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Fracht Logistics snaps up Drac Logistics freight arm
Summary by transportnews.co.uk
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Fracht Logistics snaps up Drac Logistics freight arm
Swiss freight forwarder Fracht Logistics has acquired the assets and trade of Drac Logistics’ freight forwarding business, rescuing the Staffordshire-based company from the brink of administration. Drac Logistics had filed two notices of intent to appoint an administrator as it struggled to stay afloat. The terms of the deal were not disclosed. The takeover brings the backing of a major international operator and is expected to reassure both sta…
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