Wincanton is running the rule over a possible merger with Eddie Stobart Logistics (ESL). In a Stock Exchange announcement Wincanton said it is “currently undertaking a diligence exercise on Eddie Stobart and its assets, in order to enable it to assess the potential merits of a combination. “No proposal has been made by Wincanton to Eddie Stobart as to the terms of any potential offer, and there can be no certainty that any offer will be made to Eddie Stobart […]
Eddie Stobart saw its e-commerce turnover more than double last year after it began eight new contracts off the back of its iForce acquisition.
Supermarket chain Morrisons is to outsource a sizeable slice of its transport operation, alongside several vehicle maintenance departments to Wincanton.