Stobart Group has reported a busy Christmas in its transport and distribution businesses, as EBIT (earnings before interest and tax) for the final four months of 2013 grew. In its interim management statement covering the period from 1 September 2013 to today (17 January), it confirmed that all of its businesses are continuing to make steady progress, but conceded that more work needed to be done to achieve its long-term goals. In order to reduce debt, it also continues to […]
Scania has been ranked the most sustainable vehicle manufacturer by Corporate Knights in its annual Global 100 Index.
Asda has taken delivery of 253 Scanias for its base, chilled and petroleum fleets – cementing a 23-year-old relationship between the retailer and manufacturer.
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]