Stobart Group has made a “solid” start to its financial year despite a cold and wet June followed by the July heat wave causing volatility in its retail distribution business. The Group said today (23 August) that in the six months to the 31 August its transport and distribution division had “performed well” and it had begun to implement Eddie Stobart systems and processes into Autologic as it looked to improve the divisions profitability. The changing weather patterns had led […]
Eddie Stobart Logistics has confirmed it will list on the Alternative Investment Market (AIM) next week on 25 April at 8am, a move that will see former owner Stobart Group slash its holding in the haulier and pocket £113.1m.
Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics.
Acumen Automotive Logistics has bought four new Rolfo Auriga Deluxe enclosed semi-trailers as part of its strategy to refresh its entire 15-strong enclosed transporter fleet.