Eddie Stobart sold in £280m deal

ramone:

langp29:

pete 359:
Wtf :question:

Sat Nav ?

What`s a sat nav :wink: ?

It’s what these so called professional lorry drivers ooops sorry I meant truckers use these days to guide themselves around
Common sense is no longer needed with these steering wheel attendants

ramone:
I heard on the grapevine that theres been a few dodgy hauliers from up ■■■■■■■ way ,only detectable by their different colour schemes .Eddie showed them all a clean pair of heels with his skills and pure proffessionalism, not cutting rates or generally [zb] the job up .One ex haulier from Milnthorpe thats a regular on here who shall remain anonymous admitted to me in a pm that he learnt so much from the Stobart group . Now wheres that hard hat ive got a funny feeling i may need it :wink:

And bollox to you you cheeky ■■■■■ :open_mouth: :open_mouth: :unamused: :unamused: :cry: :cry: :wink: :wink: :wink: :wink: :wink: Anon1.

Bewick:

ramone:
I heard on the grapevine that theres been a few dodgy hauliers from up ■■■■■■■ way ,only detectable by their different colour schemes .Eddie showed them all a clean pair of heels with his skills and pure proffessionalism, not cutting rates or generally [zb] the job up .One ex haulier from Milnthorpe thats a regular on here who shall remain anonymous admitted to me in a pm that he learnt so much from the Stobart group . Now wheres that hard hat ive got a funny feeling i may need it :wink:

And bollox to you you cheeky [zb]. :open_mouth: :open_mouth: :unamused: :unamused: :cry: :cry: :wink: :wink: :wink: :wink: :wink: Anon1.

Maybe you could help them out purely on an advisory basis on how to run a respectable haulage company … no point they wouldn`t listen ,too busy making crap tv ,whatever happened to the scheme they had which encouraged drivers to buy their vehicles and work for Eddie ■■? :wink:

I agree wholeheartedly with Shirt box,with one exception,Dressingtable will have it before 12 months is up!

David

Those DBAY boys have no interest in the transport business as such(it could even be a tiddly wink firm if there’s a few quid to be had) but they will have done their homework and will have a firm exit strategy pencilled in for some ways ahead,just like they did with TDG,but who knows,getting involved with the “fast eddie” gang may prove a “bridge too far” even for the DBAY boys,Tink may already have stitched them up like kippers but they havn’t twigged it yet and they’ll rue the day they got involved.Watch this space ! Bewick.

Bewick:
Those DBAY boys have no interest in the transport business as such(it could even be a tiddly wink firm if there’s a few quid to be had) but they will have done their homework and will have a firm exit strategy pencilled in for some ways ahead,just like they did with TDG,but who knows,getting involved with the “fast eddie” gang may prove a “bridge too far” even for the DBAY boys,Tink may already have stitched them up like kippers but they havn’t twigged it yet and they’ll rue the day they got involved.Watch this space ! Bewick.

Well said Dennis, Regards Larry.

Hi all ,
Well,…where is the wonderboy accountant called “Georgeking” ? What ever happened to him ■■
His expert knowledge ( of all-things-to-be-asked by him ) would perhaps make good reading on here . :unamused: :slight_smile:

Cheers , cattle wagon man.

Bewick is back :smiley:

A bit more news

Southend Airport set for funding boost following Stobart sale

NEW routes and airline operators could be coming to Southend Airport.
That’s the aim of owner the Stobart Group, which has sold a 51 per cent stake in the famous trucking business, Eddie Stobart, to clear debts and focus on other parts of the empire.
Stobart will get £195.6million for the Eddie Stobart operation, as well shares worth £44.1million in the new venture, as it is sold to a management company.
A statement pledged the money would enable it to focus on other parts of the business, including passenger growth at the airport.
It said it will be looking to “secure new airline operators serving London and the South East” and use Aer Lingus owner Aer Arann to bring new destinations to the airport.
There was aviation industry speculation earlier this year that the airport’s 15 routes could be extended with Copenhagen, in Denmark, Frankfurt, in Germany, Glasgow, Madrid, in Spain, and Zurich, in Switzerland, the likely new destinations.
David Burch, director of policy at the Essex Chambers of Commerce, said: “If the decision releases further investment in the airport, that can only be good news.
“They’ve already created several hundred jobs there and revitalised it, and if this brings in more investment, it is certainly to be welcomed.”

Stobart chairman Iain Ferguson said the deal was an important step in generating value for its shareholders.
He said: “These proposals allow us to repay debt, make a return of capital to shareholders, stimulate the growth of our biomass business and bring the group’s businesses together in a coherent, medium-term value creation plan.”
The company’s share price fell by 7.75p on the day of the announcement.

pete 359:
Wtf :question:

A little birdy whispered in my ear in the Pub on Saturday night that Eddie has given these blokes 90 days notice now he has honoured their old agreement for long enough, & all new drivers taken on will be on £6-50p per hour :open_mouth: :confused: ! Can anyone confirm/deny this? Looking at the pic’, this is about what you can expect to get for £6-50 per hour :unamused: :smiley: ! I was in our Co-op store in our Village on Sunday morning, & on the tills they were advertising for a store-cleaner, £7-50 per hour :confused: Regards Chris

Evening Gentlemen, sad thread this…we knew that “orrible” things would happen…but somehow we never expected the “cows to come home”…but they have!

Bewick, has the basics correct…, and the future direction,… as do so many of you!

Restructuring…debt management…redeployment of resource…the weasly words of Boardroom speak…quite frankly they make me puke…(apologies, but I feel strongly), for the stupid cavalier activities of Stobart, (the corporate body) have ruined so many honest, family businesses, by ludicrous undercutting of rates, and now “innocent” men and women wearers of the green, will have an uncertain future. They do not deserve this…and contrary to the posts of so many, Stobart does employ good men and women, for they are no different to you or I, and they have skills, families, and commitments, just as we all do.

But note, the real asset , “the Brand” does not pass, because that image, “the Brand”, is just about all the net worth of the business as it stands…and please Gentlemen, do not expect any “support” from Tesco…red in tooth and claw, no loyalty there, I speak as one who once, (despite all the threats…repossessed over 50 vehicles from their clutches…if you do not pay, I have my assets back…and I did)!!

Bet there is some “rectonial twitching” at Warwick, and Milton Keynes, as the redeployment of rented “assets” is considered…some cavalier residual forecasts no doubt…

The whole saga gives me no pleasure whatsoever…for was once a lorry driver, and lorry drivers deserve better employers…and Managers than this shower

I shall drown my sadness with a Magnum of 19 83, Mr Bollingers finest , and salute you all, and hope for the best for you all

Good Luck.

Absolutely right Saviem though you did miss the number one example of weasly boardroom speak - use a whining, self justifying voice for this one - “Nothing personal, it’s only business”.

I am always puzzled by the logic of this kind of takeover, though. Here they are paying £281m for 51% of a company that makes barely 5% gross in total. And, best of all, they can only use the name for 3 years without they have to fork out another £50m. What do I know but it does not sound like the deal of the century to me.

I’d delight to join you in a Bollinger - though I doubt the pension would run to an '83 so I’ll just stick with my constant joy, Pussers Rum.

David

Even Freddie Laker couldn’t make a success of Southend Airport. (Sorry if there are only those of a certain age who remember Freddie Laker) :blush: :blush: :blush:

adr:

pete 359:
Wtf :question:

A little birdy whispered in my ear in the Pub on Saturday night that Eddie has given these blokes 90 days notice now he has honoured their old agreement for long enough, & all new drivers taken on will be on £6-50p per hour :open_mouth: :confused: ! Can anyone confirm/deny this? Looking at the pic’, this is about what you can expect to get for £6-50 per hour :unamused: :smiley: ! I was in our Co-op store in our Village on Sunday morning, & on the tills they were advertising for a store-cleaner, £7-50 per hour :confused: Regards Chris

I now work in a london college and the columbian cleaners who mostly don`t speak english are on £9 an hour for pushing a broom, work that one out

Saviem:
…and now “innocent” men and women wearers of the green, will have an uncertain future. They do not deserve this…and contrary to the posts of so many, Stobart does employ good men and women, for they are no different to you or I, and they have skills, families, and commitments, just as we all do.

Well said that man. I’m aware of the reputation Stobart’s has, but since I emigrated before they really got into their stride I would be a fool to side either with them or agin them. From what I can gather Stobart (the outfit) is merely one of the logical outcomes when everybody - from big business to government to individuals - insists everything must be transported at the least possible cost, preferably less. If Stobart hadn’t cut the floor out of rates, someone else (or several someone elses) would have and those others would be the target. Nor is this a problem peculiar to Britain - over here many still spit at the mention of Lindsay Fox (LinFox) who did essentially the same thing to haulage rates in Australia some years back and I don’t doubt the US, Canada and the EU states all have their own versions. Inevitably, this wholly insane and unhealthy obsession with paring rates to the bone and beyond (I’m talking about general ‘hire and reward’ haulage here) leads to worsening work conditions, job losses and wage rates that you simply cannot live on (£6.50 an hour? Really??). And, again inevitably, if you pay wages like that, you get what you pay for. Is it any wonder many drivers take absolutely no interest in what they do?

I know Stobart’s draws a lot of criticism - some of it is undoubtedly deserved (that epically dire TV series for a start) and the Stobart fanbois invite ridicule. But (and again I have no direct personal experience) I would lay odds that many - if not most - of the people Stobart employs are decent folk trying to earn a living wage. As is usually the case, they will be the people who wear the consequences while those who are responsible for the turning the whole thing into custard will get off lightly.

ubym344:
I now work in a london college and the columbian cleaners who mostly don`t speak english are on £9 an hour for pushing a broom, work that one out

Easy. Most people get the 'ump when their house or workplace is filthy and are prepared to pay someone to clean up (not much, but something), because it directly affects their physical and/or mental wellbeing. These same people (including just about all of us here assembled) rarely give a second thought when we whinge about the price of something - groceries, petrol, that new electronic gizmo you don’t really need. The sellers and producers - in an effort to secure sales (cos they don’t want to go broke) - cut their in-house costs as much as they can. Once they’ve done that they get outside parties to cut costs, and the weakest link in the chain is transport. Reduced transport costs means reduced rates, reduced wages and so on. But these effects aren’t obvious and direct, so very few people think about it, and so no-one gives a monkey’s about transport (until there’s another truck accident, then the shouting is epic, if pointless). Yes I know I’m generalising and simplifying, but that’s how I see it.

Well,we got the results of our ballot for industrial action against Stobarts on Monday,and it was an 80% vote for action.as a car transporter driver have no wish to have my skills and hard work,devalued by Stobarts casual attitude to my industry!!! I drive a vehicle that can carry up to 11 cars,anybody with half a brain can work out more cars = more revenue . Stobarts semi trailers carry a max of 7 cars with the hydraulics being worked by a donkey engine,so, obviously the thinking behind this is any unit can pull them,meaning, taut liner up,tip,drop trailer and go and pick a load of cars up,and HIS drivers are quite happy to do it for £7,80 ph. We dont earn the big money we used to anymore,thats because there’s a lot more car carriers now,so, like what happens in general haulage,rates get cut,but to come into this industry,and try his hand,at trying to screw us by using his own brain dead morons,I,ve spoke to some of these so called professional drivers,and believe me their work ethics,are something to behold,one even said he uses POA as much as possible,to get more hours in,in other words f**k the law and the working time directive.

Should try changing their name for a start.

glenny54:
Well,we got the results of our ballot for industrial action against Stobarts on Monday,and it was an 80% vote for action.as a car transporter driver have no wish to have my skills and hard work,devalued by Stobarts casual attitude to my industry!!! I drive a vehicle that can carry up to 11 cars,anybody with half a brain can work out more cars = more revenue . Stobarts semi trailers carry a max of 7 cars with the hydraulics being worked by a donkey engine,so, obviously the thinking behind this is any unit can pull them,meaning, taut liner up,tip,drop trailer and go and pick a load of cars up,and HIS drivers are quite happy to do it for £7,80 ph. We dont earn the big money we used to anymore,thats because there’s a lot more car carriers now,so, like what happens in general haulage,rates get cut,but to come into this industry,and try his hand,at trying to screw us by using his own brain dead morons,I,ve spoke to some of these so called professional drivers,and believe me their work ethics,are something to behold,one even said he uses POA as much as possible,to get more hours in,in other words f**k the law and the working time directive.

Well said sir , all this goes back to 1968 when old labour got a left wing professor to come up with a report saying british hauliers had a protective cartel with the old A and B carriers licences , and so old labour de-regulated the transport industry so that any fly by night could compete with the old firms and force down rates , labour dropped the max working day to 12.5 hours ,and most of the old firms stuck to this, but most of the new firms and many of the new owner drivers did not , so ,unfair competition became the norm and most of the old firms are gone , the driving job has been dumbed down over the years , a guy at Somerscales Keelby Lincs has just been killed because in his 40 some thing years he never used a parking brake on a trailer ,because only fussey old sods bother with such detail it was said many years ago that if regulations permitted a working day of 24 hours max , some drivers would try to do 25 ! , parking in laybys next to a busy road for the night ? , any town or city with no lorry park should have its deliveries and collections stopped for a time at regular intervals until proper parking ect is in place , not that most of the Stobart robots would care , just give then a big new truck

Lilladan:

glenny54:
Well,we got the results of our ballot for industrial action against Stobarts on Monday,and it was an 80% vote for action.as a car transporter driver have no wish to have my skills and hard work,devalued by Stobarts casual attitude to my industry!!! I drive a vehicle that can carry up to 11 cars,anybody with half a brain can work out more cars = more revenue . Stobarts semi trailers carry a max of 7 cars with the hydraulics being worked by a donkey engine,so, obviously the thinking behind this is any unit can pull them,meaning, taut liner up,tip,drop trailer and go and pick a load of cars up,and HIS drivers are quite happy to do it for £7,80 ph. We dont earn the big money we used to anymore,thats because there’s a lot more car carriers now,so, like what happens in general haulage,rates get cut,but to come into this industry,and try his hand,at trying to screw us by using his own brain dead morons,I,ve spoke to some of these so called professional drivers,and believe me their work ethics,are something to behold,one even said he uses POA as much as possible,to get more hours in,in other words f**k the law and the working time directive.

Well said sir , all this goes back to 1968 when old labour got a left wing professor to come up with a report saying british hauliers had a protective cartel with the old A and B carriers licences , and so old labour de-regulated the transport industry so that any fly by night could compete with the old firms and force down rates , labour dropped the max working day to 12.5 hours ,and most of the old firms stuck to this, but most of the new firms and many of the new owner drivers did not , so ,unfair competition became the norm and most of the old firms are gone , the driving job has been dumbed down over the years , a guy at Somerscales Keelby Lincs has just been killed because in his 40 some thing years he never used a parking brake on a trailer ,because only fussey old sods bother with such detail it was said many years ago that if regulations permitted a working day of 24 hours max , some drivers would try to do 25 ! , parking in laybys next to a busy road for the night ? , any town or city with no lorry park should have its deliveries and collections stopped for a time at regular intervals until proper parking ect is in place , not that most of the Stobart robots would care , just give then a big new truck

what a great post. Until the very last bit. Then I just put you in the “■■■■■” category.