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 […]
Many in the logistics industry were shocked to hear of the unexpected passing of Jim Scanlan, aged 59, on Monday 10 April, writes Ali Karim, MD of the Hazchem Network. Co-founder of The Pallet Network (TPN), Jim’s passion was always transport, from his time at United Transport, pallet network Fortec and as an agency driver. My memories of Jim (pictured right with myself) are of the time we spent co-founding Hazchem Network, with HW Coates, Deltion Software, a consortium of […]
Eddie Stobart has purchased a 50% holding in express delivery company Speedy Freight.
The Co-operative Food Group has once again reassured its HGV drivers that there are no plans to outsource the remainder of its operation, after the planned transfer of staff in the West Midlands to Eddie Stobart is complete.