Logistics company Stobart has announced a three-year deal with Tesco, which will run until February 2016.

The deal formalises a pay-as-you-go arrangement Stobart has had with the retailer for the past eight years, including its participation in a recent efficiency drive across Tesco DCs.

Stobart said its annual results for the year ended 28 February 2013 were expected to be “moderately ahead” of market expectations.