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

K Group tests Thermo King E-200 for Finnish grocery delivery

Helsinki, Finland: K Group has tested Thermo King’s electric E-200 fridge on an electric-powered MAN eTGE van on food delivery in Finland.  K Group is …

READ THE FULL STORY >

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bolloré Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare products at its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 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