Stobart hit by the recession

Warrington, UK: Logistics group Stobart warned its transport division has been hit by the recession, but it remains confident it will deliver “significant” value for shareholders.

Stobart said it had continued to follow its strategy and remained confident it would deliver significant shareholder value. The restructuring of its chilled business alongside bad summer weather had resulted in some losses for the chilled fleet, but the current restructuring will result in a more streamlined business for the future, Stobart said.

But it added that the recession had an ongoing affect slowing growth in the transport sector, with the results that its short-term performance in transport was lower than market expectations.

Stobart said long-term expectations across the business remained robust and the majority of the transport business had progressed well.

WORLD NEWS

Michael Fischer takes Future Leader Award

Arlington, Virginia, USA: Michael Fischer, general manager, RLS Logistics has received the World Food Logistics Organization’s Don Schlimme Future Leader Award. Fischer was presented with …

READ THE FULL STORY >

Chereau cuts chassis weight

Avranches, Normandy, France, Chereau has cut the chassis weight on its trailers byusing new materials. The move is part if the second phase of its …

READ THE FULL STORY >

New staff at IARW and WFLO

Arlington, Virginia, USA: The International Association of Refrigerated Warehouses its research foundation, the World Food Logistics Organization have new board members. Andrew Janson, president, MTC …

READ THE FULL STORY >

Mercadona goes electric for home deliveries

Valencia, Spain: Mercadona is using a Thermo King powered electric van for home deliveries. Eneko Fernandez, product management leader, Thermo King, said: :”We decided to …

READ THE FULL STORY >

WHAT’S ON

  • The CV Show
    Birmingham, UK: The CV Show opens at the end of the month (30 April – 2 May) at Birmingham’s, National Exhibition Centre, United Kingdom.

Latest Tweets

Dearman adds two Krone trailers: bit.ly/2UnsSHL #Trailers #logistics

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ