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 […]
Eddie Stobart Logistics (ESL) has warned that 2019 profits will be “significantly below the board’s expectations”.
Eddie Stobart could be a private company again as soon as April, according to a circular sent to shareholders of its parent group.
The Unite union has accused Tesco of getting Stobart Group “to do its dirty work” for it, after the 183 drivers based at the operator’s Doncaster DC were told they faced possible redundancy. Eddie Stobart revealed its plans to staff at the DC yesterday (5 September), confirming Unite’s worst fears following the transfer of the business and staff from Tesco to Stobart on 5 August. David Pickering, Eddie Stobart MD, said: “After a thorough assessment and review of the transport […]