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UTi Worldwide Surges; Alcoa, Gap, Ruby Tuesday Tumble

2015-10-10 00:50:53| Logistics - Topix.net

American Airlines total revenue passenger miles in September jumped 7.2%. Electro Rent net tumbled 48%.

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Worldwide semiconductor sales expected to decline 0.8% in 2015

2015-10-09 19:30:17| Digital TV News

Worldwide semiconductor revenue is forecast to total $337.8 billion in 2015, a decline of 0.8 percent from 2014, according to Gartner. This is first decline in revenue since 2012 when the market declined 2.6 percent.

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UTi Worldwide Agrees to $1.35 Billion Acquisition by DSV

2015-10-09 16:29:12| Logistics - Topix.net

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. The acquisition of the U.S. company, which has struggled to reverse recent losses through a restructuring, follows logistics-related transactions this year involving XPO Logistics, FedEx Corp., UPS Inc., Echo Global Logistics and overseas.

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Denmark's DSV to buy UTi Worldwide for $1.35 bln

2015-10-09 13:18:36| Logistics - Topix.net

Oct 9 Danish freight firm DSV said it had signed an agreement to buy U.S. based rival UTi Worldwide for $1.35 billion. DSV offered $7.10 in cash per share, which represents a premium of about 50 percent to UTi's closing price on Oct. 8, and a premium of around 34 percent to the 30-day volume-weighted average closing price.

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DSV, 614 - DSV agrees to acquire UTi Worldwide Inc.

2015-10-09 08:58:22| Logistics - Topix.net

The DSV Group today signed an agreement to acquire US based UTi Worldwide Inc. . UTi is a global, supply chain services and logistics company with revenue of USD 3.9 billion and 21,000 employees in 58 countries.

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