STOB.L Regulatory News (STOB)

22 Jul 2009 07:00

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

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