Friday, August 21, 2009

Eddie is Ready for Increased Trade Share

Stobart Group Expects to Continue Growth
Shipping News Feature

UK – The Stobart group has announced that they were confident that development of their multimodal business would continue, despite the financial constraints of the moment.

Since it was formed by the amalgamation of the high profile Eddie Stobart and more conservative Westbury Property Fund, Stobart Group have diversified from road haulage, still the largest part of the company, into rail and airport services.

Commenting on the past six months trading a statement said, “Over the period, the Group has made good progress in its new port and airport developments. It has continued to focus on new business and ongoing integration of acquired businesses. The Board has confidence for the full year”.

Recent group developments include a new chilled warehouse facility in the north-west, the continued work at Southend Airport, where the rail station is due to open in early 2010, and the UK – Valencia multi modal service announced earlier this month.