Logistics giant Stobart says it expects further growth in the second half of 2010 after contract wins earlier in the year.
In its pre-close trading statement, the Widnes-based group says its performance in the first six months of the year is in line with management expectations and is “significantly ahead” of the same period last year.
The statement added: “We expect continued growth in the second half as new contracts start to deliver, while we recognise the economic environment remains challenging.
“The volumes in Eddie Stobart remain strong, benefiting from new contracts announced in the last 12 months including a recent significant new contract win for transport and warehousing for AG Barr worth around £7m per annum.
“Increased volume volatility has created some challenges for the business which are being addressed through working closely with our customers.
“Overall trading is in line with expectations and significantly ahead of last.”
Stobart said the performance of its ports division was “marginally ahead” of expectations due to tight cost control with “steady volumes but limited growth”.