Planned strike action by Wincanton drivers working for Argos has been cancelled after successful talks between the operator and Unite. Around thirty drivers were scheduled to hold a three day strike beginning at midnight on 20 December. The action was the outcome of a long-running dispute about back-dated holiday pay, with the drivers claiming they were each owed around £700. Today Unite said the strike had been cancelled and that the parties had reached a mutual agreement. Unite regional officer […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
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.
Wincanton has delivered a “boringly predictable” set of results for the six months to 30 September 2013, with group turnover down 1.6% at £542.3m and operating profit up 2.1% to £24.2m compared with the same period last year.