Wincanton saw annual turnover fall in the year ended 31 March 2019 but profit increase, thanks to a strong performance in retail that offset contract losses elsewhere. Turnover was 2.6% lower for the period at £1.14bn (2018: £1.17bn). Pre-tax profit (normalised to strip out exceptional items such as previous restructuring) was up 6.3% to £49.3m (2018: £46.4m). Its statutory pre-tax profit for the period was 28.2% more at £48.6m (2018: £37.9m). Wincanton’s debt was down by more than a third […]
Former employees of a Sheerness-based car transporter that entered administration just before Christmas are now expected to be paid all the money they are owed.
The reborn TruckPol intelligence service is gaining momentum and financial backing, according to National Business Crime Forum (NBCF) vice-chairwoman Jean Mountain. Mountain, who chaired a second meeting of the forum, which has resurrected TruckPol, told MT the Business Crime Intelligence Bureau, which works alongside the NBCF, had begun feeding information about freight crime through to the RHA as planned. The NBCF itself, meanwhile, is due to lobby MPs at the House of Commons on 22 November. The forum has attracted […]