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. Under the terms of the deal, the LSE-listed Stobart Group will retain a 49% stake as well as the Eddie Stobart brand itself via a licence agreement. 8% of the total vehicle fleet will remain aligned […]
Operators have been urged to ensure they are calculating holiday pay correctly.
Eddie Stobart and AW Jenkinson Forest Products will add 1,500 Euro-6 Scanias to their fleets as part of a renewed joint procurement agreement.
Eddie Stobart has purchased a 50% holding in express delivery company Speedy Freight.