Eddie Stobart Logistics has said that its revenue and profits are growing, and it is ahead of its targets, in its first year of trading under the majority ownership of private investors. It was revealed to investors that in the period since its partial disposal on 10 April 2014 to the close of its financial year on 28 February 2015, Eddie Stobart Logistics made an underlying pre-tax profit of £14.8m, of which Stobart Group takes a £7.3m share. This marked […]
Argos is facing a union dispute after revealing it intends to transfer nearly 100 of its drivers to Eddie Stobart Logistics.
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.