Wincanton has been forced to make redundancies to offset falling profit in its Industrial and Transport division. In a trading update today (3 October), Wincanton said while it expects profit for the current financial year to meet expectations, it has set aside an exceptional charge of £7m to fund cost-saving initiatives, “primarily for the cost of redundancies in [its] Industry and Transport business”. The operator said it will spread the £7m charge over its financial year as the costs materialise. […]
Wincanton-owned 4PL business Flatnet Construction is looking to recruit more hauliers having completed more than 32,000 loads in its first 21 months of trading.
Well you win some and you lose some. Trading in shares at UK Mail Group continues to be a profitable experience, but – despite a good performance in its transport division Hargreaves shares continue to splutter.