Stobart Group has completed a sale and leaseback of its DC at Carlisle Airport for £16.9m. The group has owned the airport since 2009, and its in-house engineering team Stobart Rail completed the build on the DC last September. The 96,012m² site was bought by real estate investor Gramercy Europe, which has signed a 20 year lease with Eddie Stobart Logistics. Stobart will operate in 79,248m² of the facility, providing storage space for two of its long-term distribution contracts. The […]
Wincanton and Eddie Stobart merger a “logical” match, says CEO James Wroath as he unveils group’s half-year results
There is an “industrial logic” to Wincanton merging with Eddie Stobart Logistics (ESL), Wincanton’s new chief executive James Wroath told analysts at the launch of the group’s latest half-year results.
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
The Co-operative Group has completed the overhaul of its UK logistics network today (19 April) with the opening of its Castlewood DC in North Derbyshire.