Eddie Stobart Logistics management made it difficult for KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts, which prompted the accountancy firm to resign as its auditor. In a formal resignation letter to Eddie Stobart management, sent in November last year, KPMG stated: “Our reason for resigning is due to a breakdown in our relationship with management which followed difficulties in obtaining sufficient appropriate audit evidence during our audit of the company for the […]
Scania (GB) has won an order for at least 2,250 trucks from Consortium Purchasing, an operation led by William Stobart, executive chairman of Greenwhitestar Acquisitions (which owns Eddie Stobart, The Pallet Network and iForce), and Allan Jenkinson (owner of A W Jenkinson Forest Products).
UPS is to build a £120m package sorting and delivery facility at DP World’s London Gateway.
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.