Eddie Stobart Logistics (ESL) has received a “highly preliminary expression of interest” from former boss Andrew Tinkler who ran the company for a decade until 2014. The move comes only days after ESL revealed it had received a separate takeover bid from one of its current shareholders, Dbay Advisors. Dbay bought 51% of the ESL business from Tinkler five years ago. It is understood Tinkler is interested in participating in a refinancing of ESL which could involve a takeover bid. […]
Wincanton and Eddie Stobart merger a “logical” match, says CEO James Wroath as he unveils group’s half-year results
There is an “industrial logic” to Wincanton merging with Eddie Stobart Logistics (ESL), Wincanton’s new chief executive James Wroath told analysts at the launch of the group’s latest half-year results.
Eddie Stobart is to expand its fleet of dual-fuel Volvo trucks, after successfully bidding for a chunk of the government’s Low Carbon Truck Demonstration Scheme funding. Stobart has been testing five dual-fuel FMs, which have been running on Liquid Natural Gas (LNG), in association with partner BOC Group. It will benefit from the expansion of the scheme alongside a field of other operators and suppliers. The additional funding will allow the logistics firm to put at least another 15 LNG […]
Eddie Stobart and AW Jenkinson Forestry Products have placed what Scania has described as its largest ever order in Europe: 2,000 trucks over two years.