wincanton said wednesday that its performance in the first quarter was in line with market expectations and that despite the continuing economic headwinds and resultant lower delivery volumes it has made sustained strategic and operational progress the uk roadhaulage and warehousing company said revenue in the first quarter fell 45 yearonyear when closed book transport contracts are excluded yearonyear revenue including closed book transport contracts is 104 lower it said wincanton said it maintained a resilient financial position with a strong balance sheet and consistent cash generation the company said that market consensus for fiscal 2024 pretax profit was 504 million pounds 652 million the company reported pretax profit of gbp382 million for fiscal 2023 wincanton is wellplaced to continue to navigate the challenging external environment with its successful strategy and continued investment in automation technology underpinned by its diversified customer base the groups strategic shift in transport towards open book contractual agreements will deliver both financial and operational benefits it said