Eddie Stobart rescue plan approved

Shareholders of troubled logistics operator Eddie Stobart have approved a plan by major shareholder, DBay Advisors, it to £55m through high-interest bonds. DBay will take control of the company, increasing its stake to 51%. Eddie Stobart chief executive Alex Laffey stood down in the summer following an accounting error that overstated profits by £2 million, leading to a collapse in its share price. [+]

Shareholder bids for Eddie Stobart

DBAY Advisors, the largest shareholder in troubled logistics firm Eddie Stobart  says it has made an offer for 51% of the company. It will indirectly acquire a 51% stake Greenwhitestar Acquisitions Limited, currently a wholly-owned subsidiary of Eddie Stobart that holds the Company’s interests in the trading entities of the ... [+]

Stobart chief quits over accounts error

Eddie Stobart chief executive Alex Laffey has stood down from the logistics company after its profits were found to be overstated by £2 million. Shares in the company had fallen from £1.60 a share in early 2017 to 70p before trading was suspended. Half-year results due for publication on 29 ... [+]

Grangemouth Express to continue

Forth Ports and its partners Direct Rail Services and Eddie Stobart are to make permanent the the weekly train service between the ports of Tilbury and Grangemouth, following a successful trial. It said that two-way business had been encouraging allowing the service to operate  regularly every weekend. [+]

Learn logistics with Eddie Stobart

The University of Bolton has launched a three-year BSc degree programme in Logistics & Supply Chain Management with Eddie Stobart that guarantees a graduate job for successful students. Students will be interviewed by representatives of both the university and Eddie Stobart before being accepted and will combine classroom learning with ... [+]

Stobart train is a fixture

Eddie Stobart Logistics has made permanent its new rail service from the port of Tilbury to Daventry, originally launched as a fourth month trial in September. The new service, which has a forecast capacity of 200 containers a week will “within a matter of weeks” be expanded to run daily ... [+]

Eddie Stobart takes to the rails

Eddie Stobart has launched a train service from the Port of Tilbury to Tesco’s site in Daventry, and on from Daventry to Mossend, Scotland. It is the logistics firm’s first ever train service to run from Tilbury, and has a capacity of between 30 and 36 containers. It will run three ... [+]

Stobart to open at London Gateway

Eddie Stobart is to open a container transport base at DP World London Gateway. The company said that the location was the best possible place to provide competitive transport solutions – by road or rail - from the south of the UK similar to those already offered in the north. ... [+]

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