Britain’s largest retailer Tesco (LSE:TSCO) has picked haulage and logistics operator Stobart Group (LSE:STOB) to be the distributor at Tesco’s new 1.2 million sq ft import centre at Teesport, Middlesborough. Stobart’s subsidiary Eddie Stobart Ltd will be responsible for handling the movement of Tesco’s non-food product stream, to start in August 2009. Stobart will distribute the goods that arrive by sea into Tesco’s new import centre to Tesco stores and distribution centres.
The deal is worth £25 million a year.
“'This major new contract is aligned to Stobart's multimodal strategy and gives us the potential to increase movements from road to rail, minimising disruption to UK roads and providing a cost effective and environmentally friendly solution,” said Stobart Group CEO Andrew Tinkler.
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