Eddie Stobart steers path to recovery as losses cut by 77%


 

Eddie Stobart Limited (ESL) slashed its losses by 77% in 2020 after exiting a number of “unprofitable” contracts, implementing cost cutting measures and applying a new accounting standard. However, its decision to turn its back on its “uneconomic” industrial, retail and bulk contracts also saw turnover fall by 7% in the period. ESL operates a fleet of around 2,200 trucks and 5,000 trailers and employs over 4,000 staff, based at 43 operating centres around the UK. Reporting its annual results […]