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 […]
Operators attending Multimodal next week are urged to head over to Think Logistics’ stand, 622, to find out how they can get involved with promoting the sector to young people and assist with the launch of a series of logistics-themed Career Academies later this year.
Scania (GB) has won an order for at least 2,250 trucks from Consortium Purchasing, an operation led by William Stobart, executive chairman of Greenwhitestar Acquisitions (which owns Eddie Stobart, The Pallet Network and iForce), and Allan Jenkinson (owner of A W Jenkinson Forest Products).
Wincanton has told Eddie Stobart Logistics’ stakeholders to “take no immediate action” following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors.