Wincanton is to sell its records management business (WRM) to market specialists Restore for £60m after signing a conditional agreement. WRM has provided document storage and shredding services across the UK and Ireland for over 14 years and currently employs 167 people. For the year ending 31 March WRM generated EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) of £5.4m on a turnover of £22.4m. It had gross assets valued at £22.2m. Wincanton said that the disposal would allow it […]
Wincanton is to install MiX telematics in 1,800 of its vehicles as part of an ongoing safety programme.
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the FTSE 250 for that matter, the total value of the basket hit a record high today of 1,842.
Welcome to the first edition of Motor Transport’s Power Players – the list of the 20 people who we believe have the most influence and exert the most control over the road transport industry. This list is by no means objective, but we’ve debated the merits of those on the list. You will find operators, clients, industry stakeholders and a few off-the-wall choices. Some are there because they exerted power in 2012, while others appear because we expect them to […]