Eddie Stobart has reported strong contract retention and growth ahead of its year-end trading update, expected in January 2018. In its Retail division, the company has won a new three-year contract with Homebase, starting in January 2018 to supply logistics services to 230 stores. It is looking to expand this by exploring opportunities with Homebase’s suppliers. In addition, the business said it now provides services to most of the UK’s major supermarket chains. Consumer sector performance has seen re-secured work […]
FTA MD of membership and policy James Hookham has said he is not surprised third party logistics companies (3PLs) have proved unwilling to discuss their role in the application of penalty charges for non-compliant deliveries at retailers’ distribution centres, and advised hauliers unhappy about having to pay the fines to stop taking on contracts that involve them.
Online shoppers have urged retailers to clarify returns policies and offer longer returns windows after a new survey revealed consumers are sitting on a potential £2.4bn of unreturned goods.
Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained. Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m – was made for the company in June. The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit. New deputy chief executive at Stobart Group, and former […]