Wincanton has won a contract extension with Waitrose for storage and distribution of wines and spirits to 357 UK outlets, which include supermarkets, motorway service stations, Ocado and Waitrose Cellar sites. The extension takes the partnership between Waitrose and Wincanton to more than 20 years. From its HMRC-approved, bonded warehouse facility in West London, Wincanton co-ordinates the distribution of more than 10 million cases of alcohol for the retailer. Wincanton uses its core fleet for the contract, bringing in extra […]
Plenty more profit raking this week as transport shares took a tumble, but one faller stood out more than most: Wincanton – which has suffered a pretty dramatic fall in the past two months.
Wincanton will be back in the black this financial year as the group’s extensive restructuring and disposals programme bears fruit. Wincanton chief executive Eric Born tells MT: “When [we] started this programme we said it would take two years to arrest the decline. We are bang on track. It’s absolutely what I’m expecting.” A year of restructuring and disposals saw it sell its European operations to focus on the UK and Ireland, dispose of its 20% shareholding in Culina Logistics […]
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.