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. It sold its automotive logistics arm to WeBuyAnyCar.com-owner BCA Marketplace at a profit of £7m. BCA Marketplace paid £16m in cash for the business in August. Its former parent Stobart Group, which has a 49% stake in the haulier, […]
Throughout the year, Motortransport.co.uk has bought you the biggest news in the road transport industry. Here we bring you the top 10 most read stories of 2012: 10. Stobart Group in for Autologic with £12.4m cash offer June saw Stobart make its offer for the car transporter firm, which valued Autologic at £12.4m. The deal made Stobart the largest car transporter haulier in the UK. 9. Hermes opens Coventry and Carlisle depots 2012 was a year of expansion for Hermes […]
Bridgend-based John Raymond Transport has endured a tough period but parent company Nolan Transport believes the required changes have now been made to return the haulier to health.
ECM (Vehicle Delivery Service) enjoyed a strong 2016 as UK car sales boomed delivering a 12% rise in pre-tax profit, but has warned of tough times ahead.