Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology. For the year ended 31 March 2016, UK Mail recorded pre-tax profit of £14.4m (2015: £20.1m). The company reported it had had “teething issues” with its new technology at its Rydon site after the six months ended 30 September saw its pre tax profit fall by 80%. Since then, the loss […]
After revealing its positive outlook for the rest of the current financial year last week, Wincanton’s continually increasing share price has hit its highest point since the MT Tracker began in January. The company updated investors that it had performed well in the first quarter of its current financial year, despite slipping container volume.
The Chartered Institute of Logistics and Transport (CILT) UK has criticised the way in which Liverpool’s bus lane suspension trial is being conducted and called for the Mayor of Liverpool to terminate it.
Tomorrow I will be speaking with Wincanton chief executive Eric Born as Britain’s second largest road transport operation (or is it?) reveals its latest annual accounts. The most important part is – can the company turn a profit and for much of the past 12 months it has promised “good progress” in its strategy to return to “sustainable profit growth”. Before then its been a week of scalping – shares in the transport tracker are either flat, or down, across […]