Eddie Stobart Logistics has returned to profitability and put its “past challenges” behind it, the company announced this week. In a trading update, GreenWhiteStar Acquisitions (GWSA), which includes Eddie Stobart Logistics, iForce, The Pallet Network and The Logistics People businesses, unveiled its half year results to 31 May 2020. The half year results show turnover down by 1.1% year-on-year from £421.1m to £416.5m with underlying EBITDA for the period at £16.6m, compared to a loss of £6.3m in the same […]
The RHA has welcomed the government’s decision to investigate the pre-pack administration process after the Insolvency Service announced a review that aims to make the procedure more transparent for creditors.
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.
Fergytrux, the Cramlington-based holding company of Fergusons Transport, increased turnover by 2.2% last year, thanks to performance improvements and Brexit stockpiling.