Stobart Group says it has seen no significant improvement in its transport business’s fortunes, since it warned of tough trading conditions at the end of June. In a pre-close statement the company, which has just announced it will be increasing its hybrid truck fleet, says the UK recession is dampening growth within transport. While the majority of the Eddie Stobart transport business has progressed well, the restructuring of the chilled business alongside bad simmer weather has resulted in losses. Stobart, […]
With an improving economy and subsequent pressure for operators to improve pay, it’s been a year of hard negotiation for many, and in some cases road transport businesses and even the DVSA have had to contend with industrial action including strikes. Motortransport.co.uk looks back at a year of disputes.
Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today.
A continued move from straight transport to logistics activities including warehousing, packing and freight forwarding helped Glasgow-based Gordon Leslie Group achieve a 20% rise in pre-tax profit in the year to 30 September 2012. Turnover in the year fell around 8% to £4.8m (2011: £5.2m), but profit before tax came in at just over £487,000 (2011: £405,000). MD Craig Leslie said the firm had made a “fairly conscious move” in the last two years to reduce its reliance on some […]