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 extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
FTA policy director Elizabeth de Jong has told motortransport.co.uk that the government needs more proof that some hauliers are close to collapse before it can offer sector-specific support.