Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors. Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL’s holding company will be put into administration if an agreement cannot be reached. DBAY’s proposal includes a £55m high-interest loan in exchange for DBAY taking a majority stake. But in […]
Eddie Stobart has opened a second training academy after the facility it opened to the public last year was met with high demand.
A road transport lawyer has warned that a case that saw Stobart (Ireland) Driver Services, a division of Eddie Stobart Logistics, pay compensation to 21 drivers for alleged breaches to their weekly rest periods could have an effect on decisions made in the UK.
Operators have been urged to ensure they are calculating holiday pay correctly.