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UTi Worldwide And Changjiu Logistics Establish China Automotive Logistics Strategic Partnership
2014-12-05 09:30:47| Logistics - Topix.net
UTi Worldwide Inc. , a global supply chain services and solutions company, announced the establishment of a strategic partnership with Beijing Changjiu Logistics Co., Ltd., to serve the logistics requirements of global automotive original equipment manufacturers and suppliers in the booming automotive market in China. Beijing Changjiu Logistics Co., Ltd. is a privately held company and is the largest independent automotive logistics company in China with a total turnover of $500M annual revenue.
Tags: china
automotive
worldwide
partnership
UTi Worldwide downgraded to Hold from Buy at Stifel
2014-12-04 22:54:58| Logistics - Topix.net
On The Fly: Midday Wrap Stocks on Wall Street began the session slightly lower despite relatively in-line jobless claims data, as European markets moved down following a rate decision and accompanying commentary from ECB President Mario Draghi. Adding to the modest pressure seen in morning trading may be the fact that oil prices continue to move lower.
UTi Worldwide says held exploratory talks to be acquired by DSV
2014-12-04 18:45:27| Logistics - Topix.net
Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. UTi has been in talks with DSV since mid-2014 and could reach an agreement as early as this month, but discussions could still stall, Bloomberg reported.
Tags: held
worldwide
acquired
talks
UTi in Advanced Sale Talks, Report Says
2014-12-04 05:01:35| Logistics - Topix.net
UTi Worldwide Inc., the U.S. logistics firm whose biggest shareholder is hedge fund P2 Capital Partners, is in advanced talks to sell itself to DSV A/S, the Nordic region's biggest trucking company, Bloomberg News reported without citing a source for information. UTi, which ranks No.
Tags: advanced
report
sale
says
DSV a/S' Contact with Uti Worldwide Inc.
2014-12-04 00:52:03| Logistics - Topix.net
The Board of Directors of DSV A/S has become aware that Bloomberg has published an article stating that DSV A/S and UTi Worldwide Inc. have been evaluating the possibilities to enter into an agreement concerning DSV A/S' acquisition of UTi Worldwide Inc. DSV A/S confirms that, in response to an inquiry from DSV A/S , UTi Worldwide Inc. and DSV A/S have conducted certain discussions concerning DSV A/S' potential acquisition of UTi Worldwide Inc. Any questions may be addressed to CEO Jens BjA rn Andersen, on tel. +45 43 20 30 40 or CFO Jens H. Lund, on tel.
Tags: contact
inc
worldwide
uti
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