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.

04 Sep 2015
Logistics provider UTi Worldwide lowered its earnings forecast for its current fiscal year as the company reported deeper second quarter losses caused by declining ocean and air freight volume.
01 Apr 2015
Although its last fiscal year was ugly, UTi Worldwide is optimistic about the year ahead, and expects to grow its freight forwarding and logistics businesses. A surge in air freight in February and March attributed to U.S. West Coast port congestion helped.
09 Dec 2014
Despite the resignation of CEO Eric W. Kirchner and a $34 million loss in its latest quarter, UTi Worldwide has passed a turning point, new CEO Edward G. Feitzinger said Dec. 9.
04 Dec 2014
Global third-party logistics providers DSV A/S and UTi Worldwide said they are no longer discussing a merger or acquisition.
03 Dec 2014
UTi Worldwide Inc. has created a strategic partnership with the largest auto logistics provider in China in a move that will position both companies for an expected increase in the exporting of finished vehicles to overseas markets.
14 Nov 2014
The chaotic waterfront scenes jamming up U.S. gateway ports on the West Coast are proving a boon for the air charter business and with no end in sight to the congestion, forwarders are securing space on chartered freighters for urgent cargo.
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