Speedy Freight’s performance accelerated in the year that Eddie Stobart Logistics bought 50% of the express courier, new accounts show. Puro Ventures, which trades as Speedy Freight, recorded turnover growth of more than 8% to £18.3m (£2016: £16.9m) in the year to 30 November 2017. The company is structured around a regional franchisee model, with independent couriers working under the parent company’s patronage with access to its marketing and technology. It does not hold an O-licence itself, according to official […]
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.
Wincanton confirms details of Aggregate Industries contract win as it replaces Eddie Stobart Logistics
Wincanton has confirmed that it has taken over the Aggregate Industries (AI) Concrete Products Division work from Eddie Stobart Logistics (ESL), as exclusively revealed by mototransport.co.uk last month.
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.