Wincanton is now a “very different organisation” to what it was a few years ago, as the company increased turnover, more-than doubled pre-tax and continued to reduce its net debt in financial year 2013. The boom in construction activity in the UK also helped push turnover at Wincanton up to £1.098bn for the 12 months ending 31 March, from £1.086bn a year ago. Pre-tax profit rose from £14m to £34.9m, while net debt was reduced to £64.9m from £107.6m. Speaking […]
Rhenus Logistics managed to increase turnover and profit last year in the face of an extremely challenging period.
Wincanton has had its long running contract with Valero Energy renewed and has also secured a contract extension with roofing products firm Marley.
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 […]