This year’s winner of the Haulier of the Year award was Wincanton, the UK’s largest logistics operator, which has seen a remarkable turnaround in performance after a difficult few years. Wincanton, the largest British logistics operator with more than 200 locations, 3,500 vehicles and 5,000 drivers, has seen a remarkable turnaround in its performance in recent years. After some badly timed overseas and UK investments ahead of the 2008 credit crunch, Wincanton struggled, with debts reaching £152m in 2011. Eric […]
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.
Wincanton has signed a ‘sweet’ new contract with British Sugar, the company responsible for around half of the UK’s sugar.
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.