Stobart Group is to restructure is board of directors for the second time this year, with executive chairman Avril Palmer-Baunack to leave the company in May. At the same time the company has signed a new three-year contract with Tesco, which runs until 29 February 2016, formalising its role as primary and secondary distribution service provider. It has worked with Tesco on a “pay as you go” basis for the past eight years and currently provides secondary distribution to nine […]
Former Tesco drivers at Eddie Stobart’s Doncaster DC have suspended further strike action so that union officials and the logistics firm’s management can resume talks this Friday (19 October). More strike action was set to start tomorrow (Thursday, 18 October) but Unite officials representing the 183 drivers at threat of redundancy have postponed this in lieu of renewed talks. Harriet Eisner, Unite regional officer, said: “Stobart has confirmed it intends to put an offer on the table, so we are […]
Culina Logistics has shortened ambient supply chains for supermarket giant Tesco, with the roll-out of a new ‘Day 1 for Day 2’ delivery service. The logistics firm will consolidate suppliers’ deliveries at its multi-user facility in Wolverhampton, for onward trunking to Tesco’s NDC network on a six-day Monday to Saturday cycle. Culina says the ambient grocery market has traditionally operated with orders being placed on Day 1 for delivery on Day 3 across a five-day Monday to Friday cycle, but […]
The promise of a solid first half in its financial year did little to improve investor confidence in Stobart Group – because investors were already ahead of the curve. On 17 April it was trading at a year low of 76.5pence per share. Today its at its year high of 109.5p – proving that investors have faith in the direction Andrew Tinkler is taking the company.