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. BCA Marketplace told investors today that, on 25 August, the group completed the acquisition of Eddie Stobart’s UK automotive logistics business. The acquired business operates approximately 450 vehicle transporters […]
The combination of the £16m sale of its former automotive logistics division and securing a “significant” customer wins towards the end of its last financial year helped Eddie Stobart Logistics generate a £21m surplus, which was used to repay its debt.
Stobart Group and A.W. Jenkinson Forest Products have struck a second joint procurement deal with Scania to take delivery of a combined 1,000 trucks over the next two years. Between March 2012 and December 2013 Stobart and A.W. Jenkinson will take a mixture of R-series and G-series models. The first 300 will enter service this year with 700 more entering both fleets ahead of the introduction of Euro-6 on 31 December 2013. The deal replicates one struck in January 2010, […]
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.