Wincanton revealed in a trading statement today that the plummeting cost of fuel has had “no material impact” on its bottom line, adding that the business continued to trade in line with expectations. In a statement for the period from 1 October 2014 to today (5 February), the logistics giant said that its contractual arrangements typically pass on fuel price risks to the end customer. “As fuel costs are mainly a flow through cost for Wincanton, the impact of the […]
Supermarket chain Morrisons is to outsource a sizeable slice of its transport operation, alongside several vehicle maintenance departments to Wincanton.
Wincanton has been awarded a new contract with manufacturing firm Taylor and revealed its new finance director.
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.