Troubled haulier Eddie Stobart Logistics (ESL) has won a six-month breathing space on repaying a £200m loan and more than a year’s extension before it has to prove to its lenders it can service the debt. The rescue plan sees Allied Irish Bank, Bank of Ireland, BNP Paribas, and KBC waive the firm’s banking covenants until early 2021 and defer loan repayments until July next year, according to reports. The plan was put together by private equity fund DBAY Advisors, […]
Wincanton has invested in 80 new Euro- 6 Renaults and Mercedes-Benz as part of its drive to increase efficiency and reduce the environmental impact of its operations.
Tesco has been drawn into the Eddie Stobart Doncaster row as drivers at the DC prepare to start a third wave of strike action tomorrow (6 December). The supermarket chain, which runs the DC’s warehousing but outsourced the transport operation with 183 drivers to Eddie Stobart in August, has made a point of not commenting on the jobs row until now. However, after Unite last week rejected the latest offer from Eddie Stobart, a spokeswoman for the chain said: “We […]
The boss of Wincanton has praised the Fuso eCanter, describing it as the “first commercially viable” electric truck and pledging to add more to the 3PL’s home delivery fleet.