°®¶¹´«Ã½

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.

UTi Worldwide Inc.’s fiscal 2016 second-quarter loss more than tripled to $70.6 million, or 70 cents per share, reflecting a decline in revenue and profit margin in its forwarding and other supply chain businesses.

Volvo Group said it opened a 1 million-square-foot distribution center in Byhalia, Mississippi, for Mack and Volvo truck parts.

Transportation firm NFI Industries said it has opened a distribution center in Lancaster, Texas, as part of a supply-chain partnership with Rent-A-Center.

UTi Worldwide Inc. narrowed its loss for the fiscal 2016 first quarter to $35.4 million, or 35 cents per share, from the prior year period loss of $43.4 million that included one-time debt reduction costs.

WASHINGTON — As Senate transportation authorizers prepare to consider a six-year measure next month, Sen. Tom Carper (D-Del.) said efforts that would limit the federal government’s involvement in large-scale infrastructure projects would hurt the country’s intricate freight network.

UTi Worldwide Inc. has appointed Ditlev Blicher and Hessel Verhage as co-presidents of the company’s global freight forwarding business.

UTi Worldwide Inc. said its fiscal fourth-quarter loss nearly doubled to $103.2 million, or $1.02 per share, as results worsened in the freight forwarding unit and severance costs added to the loss.