Eddie Stobart Logistics PLC (LON:ESL) said Eddie Stobart Ltd, a subsidiary of its associate company GreenWhite Star Acquisition (GWSA), has secured a substantial contract with UK grocer WM Morrison Supermarkets PLC (LON:MRW).
Under the deal, the logistics group will provide Morrison’s with transportation services from two distribution centres, adding on to work that Eddie Stobart currently carried out on behalf of the supermarket chain.
The three-year contract will see the company manage all transport planning and deliveries of chilled and ambient groceries from the two locations to Morrison’s supermarkets.
“This further enhances our existing relationship with Morrisons and is testament to our current performance. It is excellent news for Eddie Stobart and strengthens our position in the marketplace as the leading transport provider for the retail and consumer sectors”, GWSA executive chairman William Stobart said in a statement.
Eddie Stobart shares moved up 6.3% to 8.1p in late-morning trading on Friday.
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