Sunday 23rd Oct 2016 - Logistics Manager

Wincanton pushes ahead with pension plan

Wincanton expects to close its final salary pension scheme from 1 April 2014, the company said in an interim management statement.

It is consulting on the proposal to replace the scheme, also known as a defined benefits scheme, with a scheme based on defined contributions. It said that about 7.5 per cent of its workforce would be affected.

The company said it was trading in line with market expectations for the period from 1st October to 6th February.

Overall activity levels within the Contract Logistics division had been broadly in line with the first half of the year.

Pullman Fleet Services won new business with Asda to manage its home delivery fleet and with Argos to manage its HGV fleet.

Wincanton Records Management continued to perform well. Volumes in the Containers business remained broadly flat.