One of Eddie Stobart Logistics’ (ESL) largest shareholders has been granted an extension by UK regulators to make a firm takeover offer for the beleaguered haulage firm. DBAY Advisors now has until 16 October to either make a buyout bid or walk away. The development comes after a “highly preliminary expression of interest” was made by former Stobart boss Andrew Tinkler for the business, via his company TVFC last month. TVFC must also make a bid or decline by the […]
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 […]
Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained. Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m – was made for the company in June. The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit. New deputy chief executive at Stobart Group, and former […]
John Hawksworth, previously with Premier Logistics, Birds Transport and AM Widdowson, has joined Eddie Stobart Logistics as general manager of its retail division.