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UTi Worldwide Loss Narrows in Fiscal 3Q

2015-12-12 03:38:20| Logistics - Topix.net

Logistics operator UTi Worldwide Inc. posted a slightly lower fiscal third-quarter loss of $32.7 million, or 34 cents per share, as ocean freight forwarding results weakened further at the company that has agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company. UTi, of Long Beach, California, lost $33.7 million, or 35 cents, in the period ended Oct. 31. Revenue declined 18% to $884.7 million.

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