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Stobart Group pulls plug on chilled division

  • 17 January 2013
  • By Christopher Walton

Stobart Group has revealed it is to discontinue its chilled operation (once Innovate Logistics) “as a stand alone unit”.

In an interim management statement today (17 January), the group said the Eddie Stobart transport and distribution division continued to perform despite the economic environment, but its chilled operations remained very challenging.

It insists that the “change will not affect Stobart’s national network solution for customers”.

Commercialmotor.com understands that in discontinuing the chilled operations depots in Newark, Linconshire and Haywood, Lancashire will close.

Overall trading within the Eddie Stobart transport division for December was said to be comparable to last year. However, the operator did warn that in the traditionally quieter January and February months the division will be focused on cost control.

Stobart Group bought Innovate’s chilled and ambient business from administrator BDO Stoy Hayward for an undisclosed sum back in July 2008, while Harry Yearsley bought the frozen unit.

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Article source: http://www.commercialmotor.com:80/latest-news/stobart-pulls-plug-on-chilled-division