Talks are due to take place between Stobart Automotive and union Unite after workers at what was formerly Autologic voted in favour of strike action. According to Unite employees at the car transporter division of Eddie Stobart Logistics voted 85% in favour of industrial action, on a 70% turnout because, they claim, the company has not put a pay offer on the table for this year. Furthermore the union said that its members had an issue with drivers being brought […]
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.
Eddie Stobart has become the 100th partner of the Northern Powerhouse, which will see it work to boost skills, innovation and business in the North of England.
Eddie Stobart Logistics (ESL) has received a “highly preliminary expression of interest” from former boss Andrew Tinkler who ran the company for a decade until 2014. The move comes only days after ESL revealed it had received a separate takeover bid from one of its current shareholders, Dbay Advisors. Dbay bought 51% of the ESL business from Tinkler five years ago. It is understood Tinkler is interested in participating in a refinancing of ESL which could involve a takeover bid. […]