Transport company ceases trading

The company distributed freight all over Europe

A warehousing and haulage firm which employs around 100 people in the Swansea Valley has ceased trading.

A&M Transport of Pontardawe has called a creditors' meeting later this month with a view to going into liquidation.

Founded it 1985, the company's fleet delivered freight all over Europe.

Accountancy firm Grant Thornton has been called in to organise the creditors meeting but could not comment on whether rising fuel costs were a factor in its difficulties.

Alison Hall, of Grant Thornton, said A&M Transport stopped trading last Friday.

"We have been asked by the directors to call a meeting of creditors to put the company into liquidation," she said.

A&M Transport, which started with just one lorry, also runs a taxi business alongside its haulage operation but that remains open.

Transport Minister Ieuan Wyn Jones is due to meet representatives from the haulage industry next week to discuss concerns over rising fuel costs.

Drivers have warned they face going out of business due to global price hikes.

Earlier this week hauliers protested at two oil refineries in west Wales.

Around 65 lorries went to the Chevron refinery in Pembroke Dock and Murco in Milford Haven over the weekend but ended their demonstration on Wednesday afternoon.

And last month a slow moving convoy of dozens of lorries travelled from Carmarthenshire to Cardiff on the M4 to highlight their concerns.

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