Stobart Group has completed the partial divestment of its transport division. In a statement to the London Stock Exchange this evening it said: “Stobart, the infrastructure and support services group, announces that the partial realisation of its transport and distribution division, as described in the company’s announcement of 6 March 2014, has been completed.” Shareholders of the firm backed the move at the end of last month at a general meeting, as well as a special resolution to buy back […]
Eddie Stobart is to expand its fleet of dual-fuel Volvo trucks, after successfully bidding for a chunk of the government’s Low Carbon Truck Demonstration Scheme funding. Stobart has been testing five dual-fuel FMs, which have been running on Liquid Natural Gas (LNG), in association with partner BOC Group. It will benefit from the expansion of the scheme alongside a field of other operators and suppliers. The additional funding will allow the logistics firm to put at least another 15 LNG […]
Eddie Stobart is to open a container transport site at DP World London Gateway, which it hopes will support growth plans in the South.
Eddie Stobart’s automotive logistics business – formerly Autologic – has been sold to BCA Marketplace, an automotive support services company best known for consumer brand Webuyanycar.com. BCA Marketplace was bought earlier this year by an investment vehicle formed by Avril Palmer-Baunack- the former chairwoman of Stobart and chief executive of Autologic.