Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Re Contract

22nd Jul 2009 07:00

RNS Number : 0454W
Stobart Group Limited
22 July 2009
 

STOBART GROUP LIMITED

('Stobart' or 'the Group')

Stobart Group wins major non-food contract with Tesco

Eddie Stobart Ltd, part of the Stobart Group, the UK's leading provider of multimodal transport and logistics solutions, is pleased to announce that it has been awarded a distribution contract for Tesco's new 1.2m sq. ft import centre at Teesport, Middlesbrough

The contract, which will be worth circa £25million a year, involves the movement of Tesco's non-food product stream and will be operational in August 2009.

Goods will arrive by sea and rail into Tesco's import centre for onward distribution by Eddie Stobart to Regional Distribution Centres and stores throughout the UK

 

Andrew Tinkler, Chief Executive of Stobart Group, said: 

"Tesco and Stobart started working with each other nearly five years ago and both organisations share a joint vision of maximising load fill to reduce 'empty' road miles, whilst maintaining exceptional levels of service to customers. 

"This major new contract is aligned to Stobart's multimodal strategy and gives us the potential to increase movements from road to rail, minimising disruption to UK roads and providing a cost effective and environmentally friendly solution." 

22 July 2009

ENQUIRIES:

Stobart Group
Tel: 01925 605417
Julie Gaskell, Head of Communications
Mobile: 07768 038912
 
 
College Hill
Tel: 020 7457 2020
Gareth David
Mobile: 07774 444162
 
 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTPUURAMUPBGCG

Related Shares:

STOB.L
FTSE 100 Latest
Value8,415.25
Change7.81