There is an “industrial logic” to Wincanton merging with Eddie Stobart Logistics (ESL), Wincanton’s new chief executive James Wroath told analysts at the launch of the group’s latest half-year results. Unveiling figures until 30 September, Wroath said there was a synergy between Wincanton and ESL, particularly in the transport services arena. He added: “There is an industrial logic to us being combined with Eddie Stobart Logistics and that is particularly evident in the transport side of things where Stobart has […]
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.
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.
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 […]