Eddie Stobart ‘experiencing exceptional volumes’

Warrington-based Eddie Stobart Logistics plc said on Tuesday it is “experiencing exceptional volumes that we would typically see around Christmas” amid the coronavirus crisis.

The company said that at this stage “no conclusion can be drawn as to the potential impact of the exceptional volumes highlighted above on the profits or losses attributable to the company” for the year ended November 30, 2020.

In a stock exchange statement, Eddie Stobart Logistics said: “Eddie Stobart Logistics plc, the AIM-quoted cash shell, notes the following statement by the trading entities of Eddie Stobart, a leading UK end-to-end supply chain, transport and logistics group in which the company holds a 49% equity interest, regarding Coronavirus (COVID-19):

“The health, safety and wellbeing of our employees through these unprecedented times remains paramount.

“Economic uncertainty has led to market disruption, but we have implemented pragmatic measures to support our preparedness and ongoing ability to deliver services to customers to the same consistently high standards.

“Like other key members of the supply chain, we are all experiencing exceptional volumes that we would typically see around Christmas.

“Due to effective planning, our business is well placed to continue supporting all our customers’ needs, fulfilling all work as usual, while also safeguarding the wellness of our employees.

“We applaud the government’s recent announcement for recognising the key role the logistics sector are providing in such turbulent times.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.