Operators across the UK are expected to lower subcontractor rates in light of falling fuel prices, said the RHA, after it emerged Wincanton’s general haulage operation had reviewed subcontractor rates for this reason. A letter sent to the business’s subcontractors explained that it had “no mechanism for cost recovery during times of lower fuel prices”, while its customers did. This, the letter said, meant Wincanton had to pass cost cuts to customers to reflect the cheaper diesel, which it does […]
Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target.
Wincanton drivers working for Argos have voted to accept a deal offered to them by the operator to prevent them from taking planned strike action.
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]