Eddie Stobart CEO Alex Laffey is mulling a rebrand of the logistics firm’s 2,500 strong fleet, which could even see the iconic name disappear from Britain’s roads. The review has been triggered by Eddie Stobart’s need to renew its brand-use agreement with former parent group Stobart Group, which holds a 12.5% interest in the company as well as the brand rights under an agreement that ends in 2020. Eddie Stobart can still use the brand at a cost of £3m […]
Northampton-based Acumen Automotive Logistics has acquired Stobart Group’s enclosed car delivery operations for an undisclosed sum.
Stobart Group’s Biomass division has won a contract to supply up to 1 million tonnes of biomass fuel per year to Greensphere Capital, to feed its existing and future power plants.
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.