The MT basket of transport shares continues to have a little wobble in September, but it is worth keeping in mind just how much share values of transport firms have risen in the nine months of the year so far – pointing towards a more sustained recovery in the sector. In the past week Dart Group and NWF Group have been the biggest gainers: a 1.75p rise to 230.25 for Fowler Welch’s parent firm but a much more remarkable 12p […]
Clugston Distribution Services’ diversification strategy paid dividends last year, with the firm’s focus on expanding its market presence in fuels, bulk foods, ash powders and intermodal work throughout 2013, contributing to its robust financial performance.
Tomorrow I will be speaking with Wincanton chief executive Eric Born as Britain’s second largest road transport operation (or is it?) reveals its latest annual accounts. The most important part is – can the company turn a profit and for much of the past 12 months it has promised “good progress” in its strategy to return to “sustainable profit growth”. Before then its been a week of scalping – shares in the transport tracker are either flat, or down, across […]
Wincanton has been awarded a five year contract expansion with Morrisons, handling the logistics for its convenience stores in the North.