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 […]
TNT Post is to conduct a second end-to-end delivery trial from mid-April in west London, following the successful conclusion of a final-mile trial in Liverpool. The private postal operator has held long-term ambitions to roll-out a complete end-to-end service rivalling Royal Mail, but says it has been unable to achieve this goal due to the national incumbent’s exemption on final mile deliveries. Nick Wells, TNT Post chief executive, says: “TNT Post has built an excellent reputation for quality, innovation and […]
Eddie Stobart drivers facing redundancy at Tesco’s Doncaster DC look set to commence a second period of strike action next week, after talks between the operator and union Unite broke down. Unite rejected an improved severance deal for its 180 member drivers tabled at talks on the 19 October, despite Eddie Stobart claiming the enhanced package was worth an additional £1m. Further talks had been expected towards the end of this week but have now collapsed against the threat of […]
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.