Stobart Group has reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division. Its first quarter interim management statement today, covering the period from 1 March, the company said it expects volumes in the division to increase over the summer and expectations for the rest of the year “remain in line with forecast”. Tonnage in its Biomass division, as well as profit and turnover, was ahead of year-on-year expectations, […]
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]
Eddie Stobart has opened its previously in-house training academy up to the whole transport industry.
Eddie Stobart is rolling out Microlise systems across its fleet of more then 2,000 vehicles, after a “detailed evaluation” of the new system against its predecessor.