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 […]
Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat.
The Co-operative Food Group has once again reassured its HGV drivers that there are no plans to outsource the remainder of its operation, after the planned transfer of staff in the West Midlands to Eddie Stobart is complete.
Tarmac to adopt regional distribution model, bringing Eddie Stobart, Abbey Logistics and Pollocks on board
Tarmac is implementing a regional distribution model for its cement and lime division, which will see Eddie Stobart, Abbey Logistics and Pollock (Scotrans) join its lineup of haulage providers, MT can reveal.