Package delivery delays and disruption after parent company of Fastway Couriers enters receivership

Eva Osborne

Around 300 jobs are at risk as the parent company of Fastway Couriers enters receivership.

It is expected that delays and disruptions to deliveries will follow.

The Nuvion Group, which includes Parcel Connect, Fastway Couriers Ireland, and Nügo, has announced it has entered receivership, with around 300 direct jobs under threat.

Hundreds more subcontractor and franchisee roles could also be impacted.

Nuvion is blaming inflation, rising costs, and market pressures for its collapse.

In a statement, it said delays and disruption are envisaged and the receivers will work with retailers to minimise any delays.

The Irish Road Haulage Industry have said that the closure of Fastway couriers this morning, with the loss of hundreds of jobs, is a direct result of a Government policy that has focused on heaping taxes upon taxes on a haulage and transport industry that is close to collapse.

Irish Road Haulage Association President, Ger Hyland said that the Fastway closure is only the beginning and it won’t be long before there are hundreds of haulage companies entering receivership leading to thousands of job losses, undelivered goods and a devastating impact on the Irish economy.

According to IRHA President Ger Hyland, Irish rural hauliers are now owed thousands of euros because of the closure of Fastway couriers, which will be almost impossible to recoup.

Hyland described it as a body blow to an industry that is already on its knees and said this is the start of a domino effect of closures in the transport industry.

Hyland criticised government policy and party leaders for ignoring the pleas of the haulage industry in last month’s budget and said the chickens are now coming home to roost.

“This government gave us nothing in last month's budget. We sat down with party leaders and explained what would happen if we did not get support. So this government cannot say they were not warned about what happened today with Fastway couriers”

“Government policy is to continue to impose higher fuel costs, ignore supports to help us transition to green HVO fuels, impose more taxes and crippling regulations on a transport industry that cannot cope”