UTi Worldwide

UTi Worldwide

UTi Worldwide is a Long Beach, California-based operation that employ more than 21,396 in 313 offices and 245 logistics centers in 59 countries worldwide. UTi Worldwide is a holding company that operates on an asset light strategy which in 2013 netted it $4.6 billion in revenue and No. 17 on JOC’s Top 40 Global 3PLs list. These earnings represented a 6 percent decline from 2012’s $4.9 billion.

UTi Worldwide provides services such as air, land, and sea freight forwarding, and contract logistics solutions. The company also offers inbound logistics, consulting, and customs brokerage services.

Air and sea freight forwarding are the largest sources of UTi Worldwide’s revenue followed by contract logistics. Air freight is roughly 30 percent of their revenue while sea freight represents around a quarter.

05 Sep 2014
Shares of Long Beach, Calif. based forwarder UTi Worldwide shot up over 20 percent after an earnings release in which the company announced the virtual completion of a multi-year global IT rollout
Weekly wrap-up for Aug. 30, 2014
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.
09 Jun 2014
The rollout of UTi Worldwide’s new forwarding system, 1View, pressured the company’s fiscal first quarter results, according to CEO Eric Kirchner
09 Apr 2014
UTi Worldwide says it saw “pockets of strength” in its air freight forwarding segment’s fiscal fourth quarter, contributing to a slight volume increase year-over-year, although that was not enough to offset a challenging pricing environment and softness in the global economy.
UTi’s multi-client contract logistics warehouse in the Chicago area.
30 Sep 2013
UTi Worldwide has begun offering expanded warehousing capabilities for companies requiring warehousing and distribution without the need for a dedicated facility.