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Amtrak goes into administration - PC Retail

Amtrak goes into administration

Major courier used by etailers and distributors closes after hitting financial difficulties
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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."

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