uti

Business

UTi Worldwide Agrees to $1.35 Billion Acquisition by DSV

DSV

Logistics operator UTi Worldwide Inc. agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company, that marks the latest consolidation in that industry.

Transport Topics
October 9, 2015
Business

UTi Worldwide Loss More Than Triples as Revenue Dips

UTi Worldwide Inc.

UTi Worldwide Inc.’s fiscal 2016 second-quarter loss more than tripled to $70.6 million, or 70 cents per share, reflecting a decline in revenue and profit margin in its forwarding and other supply chain businesses.

Transport Topics
September 4, 2015
Business

Volvo Opens 1 Million-Square-Foot Truck Parts Plant

Volvo officials and dignitaries formally open new facility.

Volvo Group said it opened a 1 million-square-foot distribution center in Byhalia, Mississippi, for Mack and Volvo truck parts.

Transport Topics
July 1, 2015
Business

NFI Opens Distribution Center in Partnership with Rent-A-Center

ibmphoto24/Flickr

Transportation firm NFI Industries said it has opened a distribution center in Lancaster, Texas, as part of a supply-chain partnership with Rent-A-Center.

Transport Topics
June 5, 2015
Business

UTi Worldwide Narrows Fiscal-Quarter Loss

UTi Worldwide Inc.

UTi Worldwide Inc. narrowed its loss for the fiscal 2016 first quarter to $35.4 million, or 35 cents per share, from the prior year period loss of $43.4 million that included one-time debt reduction costs.

Transport Topics
June 5, 2015
Government, Business

Sen. Tom Carper: Devolution Would Hurt US in Bid to Remain Competitive Globally

WASHINGTON — As the Senate prepares to consider a six-year highway funding measure, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in infrastructure projects would hurt the country.

June 1, 2015
Government, Business

Sen. Tom Carper: ‘Devolution’ Would Hinder National Transportation Network

Eno Center for Transportation

WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.

Eugene Mulero | Staff Reporter
May 27, 2015
Business

UTi Appoints Ditlev Blicher, Hessel Verhage to Lead Freight Forwarding Business

UTi Worldwide Inc.

UTi Worldwide Inc. has appointed Ditlev Blicher and Hessel Verhage as co-presidents of the company’s global freight forwarding business.

Transport Topics
April 17, 2015
Business

UTi Worldwide Loss Widens in Fiscal 4Q

UTI Worldwide Inc.

UTi Worldwide Inc. said its fiscal fourth-quarter loss nearly doubled to $103.2 million, or $1.02 per share, as results worsened in the freight forwarding unit and severance costs added to the loss.

Transport Topics
April 1, 2015
Government, Business

ATA, Nearly 40 Others Pressure Congress Not to 'Devolve' Federal Transportation Funding

American Trucking Associations and nearly 40 other trade groups and businesses have sent a letter calling on Congress to pass a long-term transportation bill while opposing any move toward devolution.

Michele Fuetsch | Staff Reporter
March 16, 2015

Pages