When Motortransport.co.uk spoke to Wincanton chief executive Eric Born last week he claimed there was little he could do about the share price of the company. Sadly, this week has proven that statement to be true. For the 12 months ending 31 March Wincanton posted a pre-tax profit of £24.8m, a turnaround from the £47.4m loss it made a year ago. This was despite a fall in turnover from £1.2bn to £1.08bn. On the face of it this is a […]
UK Mail saw its profit tumble by more than 80% in the six months ending 30 September 2015, after its relocation to a new hub and “teething issues” with the facility’s technology.
The MT Top 100 largest operators in the UK run on an average margin of just 2.6%, and this comes after the industry became more profitable in 2012.
The threat of a tanker driver strike could now be averted, as the Unite union and fuel distribution companies reach agreement over a new set of proposals. Unite has also been given an extended industrial action mandate of 21 May to allow it time to discuss the new proposals with its 1,200 tanker driver members. Peter Harwood, Acas chief conciliator, who has been heading up the negotiations, says: “Following a further two days of intensive discussions, a final set of […]