UK logistics is pretty much a private, and foreign, affair. The operators sitting at the top of the MT Top 100 are German, Swiss, Dutch , French and American. Looking at UK-based firms, very few sit on the London Stock Exchange (LSE). The number of UK logistics firms turning to the City as a means of investment has dwindled, ever since the Malcolm Group withdrew its listing in 2005. Last month Autologic was struck of the list after fellow publicly-listed […]
The combination of the £16m sale of its former automotive logistics division and securing a “significant” customer wins towards the end of its last financial year helped Eddie Stobart Logistics generate a £21m surplus, which was used to repay its debt.
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.