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. […]
Wincanton has won a multi-million pound, five-year contract to set up and run a new DC in London for supermarket giant Morrisons. The deal will see Wincanton handle transport and warehousing for Morrisons from a 100,000sq-ft cross-dock facility to open in Feltham, west London early next year. The Feltham DC will be Morrisons’ first in London to be dedicated to serving its “M Local” convenience stores. It recently announced plans to open 20 new M Local stores across the UK […]
Wincanton has signed a five-year extension to its deal with BAE Systems.
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.