Eddie Stobart Logistics’ growth continued at a gallop in the first six months to 31 May 2018, driven by a mix of acquisitions, new contract wins and retained business. Turnover increased by more than a quarter (25.3%) in the period to £359.3m (2017: £286.8m). The operator’s acquisitions continued to perform strongly – iForce sales increased 20% and Speedy Freight’s by 52% in the period – but organic growth was robust too. Eddie Stobart Logistics said it had seen strong growth […]
The combination of the £16m sale of its former automotive logistics division and securing a “significant” customer wins towards the end of its last financial year helped Eddie Stobart Logistics generate a £21m surplus, which was used to repay its debt.
Maritime Transport posted its 13th consecutive year of turnover growth, before it incorporated contributions from Roadways Container Logistics (RCL) into its business.
Howard Tenens Storage & Distribution saw a 20% drop in pre-tax profit last year after it lost customers at two of its depots.