Civil war on the DX board, Eddie Stobart Logistics hitting the stock market and industry opinions on the Bath tipper case make up the latest episode of the Motor Transport Podcast. Chris, Emma and Chris talk about the latest from DX, where the company’s largest shareholder is calling for the removal of the board’s chairman and a non-executive director. The team also discuss the upcoming flotation of Eddie Stobart Logistics on the stock market next month, and reminisce about the […]
Nightfreight has been acquired by DX Group in an undisclosed cash deal that creates a mail, courier and distribution business with a combined turnover of approximately £290m. As part of the acquisition former City Link MD Stuart Godman will join the combined managerial board as chief operating officer. His former Target Express and City Link colleague, DX chief executive Petar Cvetkovic, remains in his current role while Nightfreight chief executive Ian Smith becomes DX strategy director. Cvetkovic says the acquisition […]
Eddie Stobart is facing a third strike by its drivers based at Tesco’s Doncaster DC. Although the operator and Unite had been in talks via Acas in a bid to resolve the long-running jobs dispute, efforts to find a way forward have failed. The 183 drivers, of which 180 are Unite members, have now rejected an improved redundancy offer from Eddie Stobart, and announced they will commence continuous strike action from the 6 December. The union believes this will be […]
The integration of Stobart Automotive and Paragon Automotive at BCA Marketplace as its Automotive Services division is “progressing well” after seeing major increases in turnover and EBITDA in the first half of its financial year.