Eddie Stobart Logistics has seen its group turnover surge by more than a third thanks to a shopping spree that has seen it buy iForce, half of Speedy Freight and The Pallet Network (TPN). In a trading update issued today for the financial year ended 30 November 2018, Eddie Stobart Logistics revealed turnover had increased 35% to approximately £843m (2017: £623.9m). Even if the uplift from the acquisitions is stripped out, annual growth at the operator was 18% year-on-year. “This […]
UPS is to build a £120m package sorting and delivery facility at DP World’s London Gateway.
Lancashire-based family firm FDC Holdings has established a northern hub for The Pallet Network (TPN) that will handle around 1,000 pallets a night at a new site in Walton Summit, near Preston.
Eddie Stobart Logistics subsidiary O’Connor Container Transport is set for further integration into the group after racking up a loss of £800,000.