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 […]
Eddie Stobart Logistics has seen its push around manufacturing, industrial and bulk (MIB) pay off handsomely, with the segment now its biggest turnover contributor, the firm said today (10 April).
Once again the UK’s nine pallet networks bucked the general trend within logistics in 2012, delivering another year of growth. While Greece teetered on the precipice, dragging the whole eurozone deeper into its protracted economic malaise, Europe remained the focal point for many of the UK’s networks looking for the next big thing. European market leader Palletways faces competition with Pall-Ex’s ambitious European plans remaining on course despite the economic headwinds from the Continent, and Palletforce finally revealing its hand […]