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 […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
Wincanton has renewed its contract with oil and energy company Phillips 66 to provide delivery services for ground fuels and LPG, marking a 16 year working relationship between the two companies.