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Post by Jeff on Jun 13, 2021 6:16:48 GMT
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Deleted
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Post by Deleted on Jun 13, 2021 11:08:49 GMT
 That's sad news Jeff, I knew that the Lorry side of the company was having slight problems, have a big base by us, but I suppose somethings has got to give.  Bob 
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Post by graham on Jun 14, 2021 6:41:41 GMT
Morning Bob, I worked in the haulage industry years ago, as a HGV Class 1 driver, Stobart became huge very quickly as to all intents, they went out into the market place and undercut the rates that other hauliers were doing the work for. As you might think, Stobarts have few friends within the industry. But of course, to offer such low rates, they have to run the wagons 24/7 and pay the drivers crap money. Many of the drivers are glory boys who enjoy the fan base that Stobart's appear to have and most leave a lot to be desired as far as driving ability is concerned.
Their very low rates also mean that the firm is very susceptible to price rises in the supply of diesel and whilst many hauliers will seek an increase in the rates from their customers by way of a surcharge to counteract such increases, Stobarts don't because they are too scared that the customers will tell them to take a hike. They have well over 2,000 trucks on the road, so say each wagon only does two runs a day, that's an enormous amount of work required to keep the wheels turning hence they will pretty much undercut any existing rates, no matter how tight those rates are already, to secure additional business.
You might remember a transport company from your neck of the woods back in the 80s and 90s called Kammac from Skelmersdale, they were a smaller scale version of Stobarts who bought their business by undercutting all the competition and they didn't last long. They are still trading I believe but this is a different set up from the company in the 90s.
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Post by Jeff on Jun 14, 2021 15:44:31 GMT
Anyone got a stobart spotting book? Was a Great way to keep the kids quiet on a long run 😊
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Post by davidallum on Jun 14, 2021 18:25:59 GMT
I still do try and check the name of the cab if I see one on the road.
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Post by chrisj on Jun 15, 2021 12:47:07 GMT
They also own or run or own Southend airport . The airport has had a lot of problems over the years but also a lot of money spent on it and facilities . Not sure what the effect the news will have on things there . Chrisj
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Post by davebasing on Jun 15, 2021 15:59:03 GMT
My understanding is that Southend Airport is owned by Eskair who are the parent company of Stobart Air. It is only Stobart Air that has gone into liquidation, the parent Eskair apparently remains operational. However it may well have parent company liability in respect of Stobart Air's aircraft and potentially for any leases involving them. The airport was seemingly one of Eskair's main assets (at least pre-COVID) and if they do have financial liabilities from the failure of Stobart Air they may well seek to offload some remaining assets and some/all of the shares in the airport could be one method, though with COVID effects it is perhaps not the best time to be selling shares in an airport (probably a buyer's market?).
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Post by chrisj on Jun 15, 2021 17:41:21 GMT
I thought along those lines Dave . Quite often big companies split the small parts so any problems do not affect the whole . Southend used to be a good place to visit ( way way back ) but I think it suffers from having City near by . It is a pity as all that was needed was a fast rail link into the City and Southend could of prospered . But then , it's image never was 'tidy' , more work like . Oh well ... Chris
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