Eddie Stobart Logistics has purchased The Pallet Network (TPN) for £52.8m. The operator confirmed today (28 June) that it had entered into an agreement to acquire the share capital of the pallet network, which comprises 106 regional hauliers (members) on a cash and debt-free basis. It has done this, in part, via a £30m share placing with institutional investors (see finacing the deal below for more). Eddie Stobart Logistics signaled its intention to investors earlier this month. Alex Laffey, CEO […]
A road transport lawyer has warned that a case that saw Stobart (Ireland) Driver Services, a division of Eddie Stobart Logistics, pay compensation to 21 drivers for alleged breaches to their weekly rest periods could have an effect on decisions made in the UK.
The Pallet Network’s (TPN) new hub at Prologis Park Midpoint in Minworth is taking shape ahead of its planned opening next year.
Fortec is ramping up its warehouse operative development, with all existing and future staff at its newly expanded Watford Gap hub set to receive bespoke in-house forklift training.