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UPDATE 1-UTi Worldwide says breaches covenants, to report loss

2014-02-27 08:31:27| Logistics - Topix.net

Logistics company UTi Worldwide Inc said it had breached some debt covenants and would report a loss for the fourth quarter due to a weak air freight market, sending its shares down as much as 28 percent in early trading.

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Category:Transportation and Logistics

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