Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.uk The company shocked investors last week when it suspended trading in its shares and announced CEO Alex Laffey was to step down. It has since also been revealed that ESL made it difficult for auditor KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts. This prompted the accountancy […]
20) Andrew Tinkler, chief executive, Stobart Group Tinkler strengthened his position at the top of Britain’s best known haulage firm at the beginning of 2013. He survived an attempted boardroom coup, that could have seen former Autologic boss Avril Palmer-Baunick take charge of the group as a whole, potentially breaking up its constituent, multi-modal parts. That came to nothing in the end and Tinker was able to calm the waters, as Palmer-Baunick left in May.
Stobart Group has reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division.
Stobart Group has taken delivery of two Iveco Ecostralis units as part of a three-year trial. The vehicles’ performance will be monitored in upcoming months as the pair operate from its depot in Carlisle. The trucks, named Sophie and Lynda Dawn, are expecting to remain in the fleet for three years running some 160,000km a year. Stobart’s fleet comprises of over 2,250 tractor units, preominantly Scania and Volvo but in April the firm took delivery of 18 Mercedes-Benz Actros units […]