Wincanton has been awarded a new contract with defence manufacturer BAE Systems, to provide full logistics and warehousing services in support of its UK shipbuilding operations. This includes its programme to deliver three new River Class Offshore Patrol Vessels for the Royal Navy. The long-term agreement, which starts with the outsourcing of all logistics and warehousing at BAE Systems’ sites in Glasgow, will see Wincanton operating a central warehousing facility, inbound scheduling and collections and provision of modular re-useable crates. […]
A strong performance in its contract logistics division; the sale of its records management division; and Pullman Fleet Services walking away from two “onerous” loss-making contracts helped Wincanton improve its profit and reduce its net debt in its most recent financial year.
Wincanton has said it doesn’t expect to be affected by the dispute between union Unite and Argos over the proposed transfer of almost 100 drivers despite managing the majority of the retailer’s transport operation.
Wincanton has reported continued improvement in revenues and profitability since the initial impact of the pandemic and, following a period of recovery and stabilisation, said it had returned to growth in Q3 of the financial year.