Corby, Northamptonshire, UK: The Stobart Group’s latest trading update has revealed that the company is to focus on restructuring and improving its chilled and warehousing operations which are performing below the previous financial year.
Stobart says: “The restructuring will result in a more efficient operation to take advantage of future market opportunities.”
As part of this restructuring Stobart has decided to close its chilled depot in Corby. A Stobart Group spokesman said: “To meet demands of the current business environment, Eddie Stobart is announcing changes as part of continuing re-alignment and the best possible allocation of resources to support its transport division network nationally.
“As part of these changes, regrettably, it is proposed that the division’s chilled depot Corby is to close, subject to consultation. The company is however also investing in a new chilled warehouse at Magna Park creating a significant number of new jobs in the transport division. ”
The company proposes these changes to improve efficiency, reduce environmental impact of the movement of empty trucks, and ultimately deliver a continually more cost-effective service.
In its trading statement Stobart said that “transport and distribution” operates within a challenging economic environment but the ambient transport operations are largely restructured and improved and have progressed well in the second half of the year.
Overall, the group is trading in line with current expectations with some divisions performing ahead and some slightly below expectations.
