Harbour Revision Order
Stobart Group Limited
13 February 2008
13 February 2008
STOBART GROUP LIMITED
('Stobart Group' or 'the Group')
STOBART GROUP GRANTED HARBOUR REVISION ORDER
Stobart Group, a leading provider of multi-modal logistics solutions, is pleased
to announce that it has today received a Harbour Revision Order (HRO) from the
Department of Transport for the Port of Weston.
The HRO, which will come into effect on 27 February 2008, allows the Group to
commence its planned development of the port into a fully functioning bulk
shipping and coastal feeder port. The order also appoints Westlink Holdings Ltd,
a wholly owned subsidiary of the Stobart Group, as the statutory port authority
for the Port of Weston. The Port of Weston is strategically placed close to the
Group's existing O'Connor facility in Widnes enabling full rail integration with
the West Coast Mainline as well as the M62 and M56 motorways.
The Stobart Group currently operates one of the UK's largest road haulage fleets
and a specialist rail freight service. The improvement of the Port of Weston
comprises an important step in the Group's strategy of developing a fully
integrated multi-modal logistics operation.
Andrew Tinkler, Chief Executive of Stobart Group, said: 'The Harbour Revision
Order that we have received today, marks an exciting new start for the Port of
Weston and the continuation of our stated strategy for the Stobart Group.
'By returning the Port of Weston to a fully functioning port, we will further
enhance our range of cost-effective logistics solutions for our customers,
whilst helping to reduce carbon emissions and the amount of freight transported
around the country's road network.'
- ENDS -
For further information please contact:
Stobart Group Ltd
Andrew Tinkler, Chief Executive 01925 605 400
Ben Whawell, Finance Director
Lansons Communications:
Charlie Field 020 7294 3616
Kim Atkins 020 7566 9728
Notes to Editors
Stobart Group
Stobart Group was formed in September 2007 through the merger of the iconic
haulage firm, Eddie Stobart Ltd, with the Westbury Property Fund Ltd.
The merger brought together two companies that see huge commercial and
environmental benefits of combining road haulage and storage with rail freight
and waterborne transport systems, thereby offering customers a truly integrated
transport and logistics solution.
Westbury's assets included a port development site in Runcorn, a rail freight
operating business and a rail terminal and warehousing business in Widnes.
Eddie Stobart has a modern, well-invested fleet of more than 1000 trucks
(tractor units) and 1,500 trailers, each christened with its own, unique female
name. The combined business also has more than 3 million square feet of storage
space across a network of over 29 operating sites (including 10 customer sites)
across the UK and one in Belgium as well as its own rail division.
Stobart Group has an established portfolio of long-term, big-brand customers,
including Tesco, Coca-Cola, Johnson & Johnson and Sara Lee, employing more than
2,400 people across the UK - principally in Carlisle, Daventry, Runcorn, Widnes
and Warrington.
This information is provided by RNS
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