15) Eric Born, chief executive, Wincanton Eric Born was given the not inconsiderable task of turning Wincanton around, taking on a business that in 2011 plunged to a £26m full-year loss on turnover of £2.2bn. He has delivered. A clear out of its loss-making European businesses was one of Born’s first steps, which although necessary lead to greater losses for the business to absorb first. Yet under his stewardship Wincanton has bounced back to profitability (as of June) and the […]
Wincanton has said it doesn’t expect to be affected by the dispute between union Unite and Argos over the proposed transfer of almost 100 drivers despite managing the majority of the retailer’s transport operation.
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.