Wincanton wins £112m contract extensions

Wincanton has won two contract renewals worth £112m with Air Products and Chevron. The three-year deal with Chevron continues a 17-year partnership and is worth £60m. Wincanton will collect nine billion litres of fuel from Chevron's UK terminals, and deliver it to Texaco-branded petrol stations.

The Air Products deal is worth £52m over three years, and involves the logistics company transporting 80,000 tonnes of gas every month from seven Air Products sites in the UK, making 100 deliveries daily.

Wincanton chief executive Graeme McFaull says: "These new contract extensions are testament to the continuing strength of Wincanton's core markets in the UK. Cost savings and productivity improvements remain at the top of our customers' agendas and we continue to work proactively with them to identify and deliver financial and operational benefits."