Wincanton has renewed its contract with oil and energy company Phillips 66 to provide delivery services for ground fuels and LPG, marking a 16 year working relationship between the two companies. The extended deal will see 31 Wincanton tankers delivering fuel from Phillips 66’s depots in Immingham, Stockton-On-Tees and Kingsbury, near Tamworth, to JET branded forecourts and commercial customers across the UK. In 2017, under the same agreement, Wincanton made over 20,000 deliveries for Phillips 66 which amounted to 772 […]
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.
Wincanton has found home is where the heart is as customers in the DIY and home retail sectors drove growth at the operator. At the same time it has begun surgery to return its industrial and transport division to health.
Looking at this week’s share prices it is easy to pick out Hargreaves as the best performing company in road transport. And you wouldn’t be far wrong, if you’re measuring it over the past four weeks. The upturn is pretty stark. But it doesn’t tell the whole story…