Wincanton has been forced to make redundancies to offset falling profit in its Industrial and Transport division. In a trading update today (3 October), Wincanton said while it expects profit for the current financial year to meet expectations, it has set aside an exceptional charge of £7m to fund cost-saving initiatives, “primarily for the cost of redundancies in [its] Industry and Transport business”. The operator said it will spread the £7m charge over its financial year as the costs materialise. […]
Morrisons has confirmed plans to close the transport operation at its Swan Valley DC in Northampton, bringing in third parties to handle deliveries from the site.
Third-party logistics providers have this year won millions of pounds in business, taking on more work from existing customers as well as winning contracts from new clients. Motortransport.co.uk looks back at some of the highest value and longest contract wins of 2014.