Eddie Stobart’s former boss Andrew Tinkler (pictured) claims to have secured better-than-expected support from investors for a £70m rescue of Eddie Stobart Logistics (ESL), just days after announcing his intentions. TVFB, a company controlled by Tinkler, said its proposed fundraising had already received conditional indications in excess of the £70m target, notwithstanding TVFB has not yet met a number of major shareholders. Tinkler’s move comes after private equity group DBAY proposed injecting £55m into the business in exchange for a […]
The boss of Eddie Stobart Logistics has endorsed Chep’s collaborative transportation programme, which, according to the pallet manufacturer, saved participants more than 900,000 road miles last year.
The Unite union has accused Tesco of getting Stobart Group “to do its dirty work” for it, after the 183 drivers based at the operator’s Doncaster DC were told they faced possible redundancy. Eddie Stobart revealed its plans to staff at the DC yesterday (5 September), confirming Unite’s worst fears following the transfer of the business and staff from Tesco to Stobart on 5 August. David Pickering, Eddie Stobart MD, said: “After a thorough assessment and review of the transport […]
Wincanton has released details of its deal to manage Britvic’s new 273,000sq ft Rugby facility, which went live recently.