Wincanton says it is making good progress this financial year in its strategy to return to “sustainable profit growth”. An interim statement issued today (26 July), for the period commencing 1 April, reveals the logistics giant has traded in line with expectations and with a strong new business momentum. In particular, Wincanton has won an “important” new multi-channel contract with Kiddicare, secured a new deal with Rolls Royce, as well as scooped shared-user warehousing business with The Retail People and […]
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]
MT’s latest UK Commercial Vehicle Operator Report, produced in association with Texaco Lubricants, reveals the value of being smart. There’s much talk of the squeezed middle in British politics but the latest UK Commercial Vehicle Operator Report confirms the emergence of savvy operators forming a smart middle within road transport. These operators are pulling forward their purchasing to beat Euro-6, providing services to external clients via their in-house workshops, and making use of the latest technology to optimise the running […]
Wincanton revealed in a trading statement today that the plummeting cost of fuel has had “no material impact” on its bottom line, adding that the business continued to trade in line with expectations.