A strong performance in Wincanton’s contract logistics business saw turnover jump in the first half of its financial year, but losses in its Pullman Fleet Services division slowed profit growth. Group turnover increased 5.8% to £582.8m in the six months to 30 September (2014: £550.9m), mainly driven by strong volumes in open book contracts and new and renewed business wins, including extended contracts with long-standing customers Dairy Crest and HJ Heinz. Pre-tax profit crept up 1.6% to £12.9m (2014: £12.7m). […]
Wincanton has secured a four-year contract to provide support at two new DCs for furniture and homeware retailer Ikea.
Fortec has introduced a shareholder model for members, giving them an equal say in how the pallet network is run.
Leicester-based packaged chemicals logistics provider HW Coates Holdings has described its financial performance in the year to 31 December 2012 as “satisfactory” – despite raising its profit before tax by 34% over the previous year.