The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful. The move would see Tinkler’s overall offer rise to £80m, in part to repay debts which are understood to have spiralled to an “unsustainable” £200m. In a statement, TVFB (3) Limited, a company controlled by Tinkler, also revealed it has bought a 6.5% […]
More than 400 Argos employees are to strike next week, in protest at the proposed transfer of 96 drivers to Eddie Stobart Logistics.
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.
Stobart Group has been granted permission for a 374,000 ft² distribution centre as part of its approved planning application to re-develop Carlisle Airport. Andrew Tinkler, Stobart Group chief executive, says: “The freight distribution centre will allow Eddie Stobart to attract new clients while providing the rental income required to develop Carlisle Airport and commence passenger operations.” Stobart bought the airport and associated land in 2009 and has been involved in a long-running battle with local residents to develop the site […]