Amtrak goes into administration

Courier company, Amtrak has gone into administration resulting in the loss of 1,000 jobs, and leaving many retailers and customers in the lurch.

The firm, which was used by a large number of etailers and distributors including Dabs, Empire Direct and Digital Direct, blamed difficult trading conditions for the collapse.

A statement from administrators Ernst & Young said: "Amtrak has found trading in the current economic climate challenging. It is a business that is led by consumer demand and as consumer-spending power has weakened, Amtrak's business has suffered."