Wincanton has told investors that it continues to trade in line with expectations, with solid levels of activity in its contract logistics business, as it financial year concluded.

Its preliminary results for the year-ending 31 March will be revealed on 5 June, but it confirmed and upturn in volumes results from an improved performance of the UK construction sector.

The operators' Specialist Businesses, Pullman Fleet Services and Records Management divisions continue to “trade in line with expectations” but volumes in its containers business remain broadly flat.

Wincanton also revealed that a consultation period with employees affected by its proposed closure of its defined benefit pension scheme had concluded and it would now be closed. This means that 7% of Wincanton's total workforce have now selected to participate in its  range of defined contribution pension arrangements.

Last month Wincanton said it had extended and expanded its relationship with oil refining and energy firm Phillips 66.

It remains as the second largest operator in the UK, by turnover, according to the Top 100.