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Tag: uti worldwide
Eric Kirchner Resigns as CEO of UTi Worldwide Inc.; Edward Feitzinger Named New CEO
2014-12-09 06:02:14| Logistics - Topix.net
UTi Worldwide Inc. today announced that Eric W. Kirchner has resigned as Chief Executive Officer and as a member of the Board of Directors of the Company. The Board has appointed Edward G. Feitzinger, 47, as CEO of the Company and elected him as a member of the board as a Class B director, effective immediately.
Tags: new
worldwide
named
eric
UTi Worldwide - More To The Company Than Takeover Chatter
2014-12-06 15:13:20| Logistics - Topix.net
The story of UTi Worldwide is much more about its turnaround than the recent rumors of a takeover by Danish trucking firm, DSV A/S . Over the past 12 months UTi had made - a timely recapitalization - seen significant organic growth in its contract logistics division - carried out $50 million of companywide cost cutting with another $45 million slotted by the end of the year - and implemented a state of art freight forwarding operating system.
Tags: company
worldwide
chatter
takeover
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
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