Wincanton’s share price is trading at its highest level in a year, and despite a fall in turnover the 3PL’s operational strength appears to have pleased its critics, for now at least. Setting the tone, Gerard Khoo, a broker at Liberum, slapped a buy recommendation on the stock after stating Wincanton – trading at around 269p per share – represented a ‘compelling valuation’. In a trading update in April, Wincanton signalled that a decision to shed low margin work would […]
The FTA met with the Treasury last Thursday (5 February) to discuss the real effect the plummeting cost of oil was having on the freight transport sector.
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.
Heywood, Lancashire logistics firm Yearsley Group has begun taking delivery of the first of 26 new trucks and 50 new trailers being added to the fleet to cope with additional business.