The boss of Wincanton says the 3PL has seen signs of the market hardening around price, as an increasing number of clients realise that the cheapest deal is not always the best. Speaking after the publication of its half year results, Wincanton CEO Adrian Colman said the 3PL had sacrificed some top line revenue where the pricing of a contract hadn’t been right. “It’s profit that really matters,” he said. “If you sign something low margin today, it will be […]
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.
Bibby Distribution has appointed former Wincanton director of transport for the UK and Ireland, Nick Graham, as divisional director. Graham has over 25 years of experience in the logistics industry and is a member of the FTA’s National Council. CEO Iain Speak says: “Nick has a proven track record in leading efficient operations, managing acquisitions and supporting implementation programmes. This experience is invaluable, and Nick’s skillset and industry knowledge certainly compliment our business ambitions.” His responsibilities at Wincanton included maximising […]
Wincanton’s contract logistics business “is continuing to perform robustly”, it has said, while the company was hit by low volumes in its container business.