Wincanton plc, a leading provider of supply chain solutions in the UK and Ireland, is pleased to announce that it has renewed its distribution contract with the Co-op.
The Co-op has signed another five year agreement with Wincanton which will service the Co-op�s Logistics depots; Lea Green in Merseyside and Cardinal in Cambridgeshire. Wincanton will utilise around 700 staff and a fleet of over 500 vehicles to support the challenging demands of the grocery marketplace, making c.130,000 journeys per annum to up to 1,000 Co-op stores nationwide.
The Co-op has been a long-standing client of Wincanton for over 25 years and, as part of this renewed relationship, Wincanton will seek to achieve further efficiencies and continuous improvement benefits across its logistics operations.
Adrian Colman, Chief Executive, Wincanton commented:
�Wincanton will deliver transformational change, utilising our continuous improvement expertise to capitalise on opportunities for further efficiencies across these operations. This significant contract renewal with the Co-op underlines our leadership in the UK grocery sector for supporting successful retailers in their ambitions to win market share.�
Commenting on the contract further, Jon Paul Brown, Head of Transport, the Co-op said:
�Renewing our food logistics contract with Wincanton is an important part of our re-build strategy, which continues at pace. We remain committed to delivering the best possible service to stores and we are confident that continuing our long-term relationship with Wincanton will help this and reduce our operating costs, to support investment in our business and members going forward.�
I am a strong believer that they have, I am personally a supporter of the EMT and VMV policy. This company will be 2.20 plus come end of August. Dividend in play and the past 3 weeks has seen substantial buys which outweigh the sells. Eccles - watch this space - contracts aren't signed by both parties lightly, it takes months of legal no matter which industry or business your in. OMHO GLA
All of the planners at risk of redundancy because this is being taken in house but it's looking really positive for the transport contracts. Also another couple of contract wins due to be announced across next few months.
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