Boughey Distribution has completed the transfer of customers from its Deeside warehouse to its facility in Wardle, Greater Manchester. The streamlining of its network has been in the works since August in a bid to reduce trunking and keep capacity high in the North West. The Deeside depot remains as an overflow facility with staff transferred to Wardle. In a trading update for investors issued today, parent NWF Group said “Food [Boughey] has performed as planned with the completion of the […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
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.
The success story of the first half of the year, without doubt, is UK Mail. It simply, absolutely, will not stop, moving parcels with volumes up 25% in the first quarter year-on-year. If you had bought a share in the firm in January, it would have set you back 365p (giving the firm a market capitalisation of £199m). If you would buy one today it is 580p (giving UK Mail a market cap of £319m). That’s a share price rise […]