Stobart says that it has completed its 528,000ft2 chilled warehousing development at the Widnes inland port, while also announcing "materially level" financial results for six month of its financial year.
Stobart's performance is in line with management expectations, the firm has revealed in a trading statement.
The statement says: "We expect a strong performance in the second half as a result of recently announced contracts, new business wins and action taken to reduce
costs. The Board accordingly has confidence for the full year."
Eddie Stobart volumes were strong, with a £25m contract win for the distribution of Tesco's non-food goods from Teesport in July.
Meanwhile, there is an ongoing focus at Stobart Rail on new services, including the launch of a temperature-controlled intermodal service from Valencia to the UK.
The new Widnes chilled warehouse has one anchor customer, and will be "fully operational" by the end of the calendar year, while the volumes from deep sea imports remain steady at the port, the report says.
Stobart Air has finalised plans to
start the construction of a new distribution centre at Carlisle Airport. It also reveals that the new railway station at Southend Airport will be completed around the first quarter of 2010.
Stobart says it differentiates itself through its pay-as-you-go cost model, and drive to take wastage out of customers' supply chains through efficient partnership arrangements.
The following map illustrates the relevant locations relating to Stobart Group's pre-close trading statement:
Reed Business Information Limited.©2009
