uti News Updates

Business

UTi’s Fiscal 3rd Quarter Losses Mount

UTi Worldwide Inc. last week reported a quarterly loss that more than tripled to $34 million, or 35 cents per share, in the wake of the abrupt departure of CEO Eric Kirchner and acquisition talks that were canceled.

December 15, 2014
Business

UTi Loss Widens, CEO Kirchner Quits

UTi Worldwide Inc. reported a quarterly loss that more than tripled to $34 million, or 35 cents per share as well as the abrupt departure of CEO Eric Kirchner.

December 9, 2014
Business

UTi Halts Sale Talks After Stock Surges

UTi Worldwide Inc. and DSV A/S have ended talks after news of DSV’s potential acquisition sent UTi’s shares surging.

December 4, 2014
Business

UTi Denies Reported Talks of Advanced Sale

UTi Worldwide Inc., the U.S. logistics firm whose biggest shareholder is hedge fund P2 Capital Partners, has denied a report by Bloomberg News that it is in advanced talks to sell itself to DSV A/S, the Nordic region’s biggest trucking company.

December 3, 2014
Business

Quality’s Third-Quarter Profit Rises

Quality Distribution Inc. reported third-quarter profit increased on growth in its chemical business.

November 6, 2014
Business

Quality Reports 2Q Profit

Quality Distribution Inc. reported a second-quarter profit after a loss a year ago stemming from a charge at its logistics segment.

August 7, 2014
Business

UTi Worldwide Loss Rises to $43.2 Million

UTi Worldwide Inc. reported its first-quarter fiscal loss increased to $43.2 million, or 43 cents per share, from $12.4 million, or 12 cents per share, the prior year.

June 5, 2014
Business

Quality Distribution’s First-Quarter Income Declines

Quality Distribution Inc. reported its first-quarter net income declined in part on severe weather conditions.

May 5, 2014
Business

UTi Worldwide Loss Narrows to $50.7 Million

UTi Worldwide Inc. reported its fourth-quarter loss narrowed to $50.7 million, or 48 cents per share, from $142.8 million, or $1.38 per share.

April 3, 2014
Special Coverage, Business

Utility Trailer Showcases Special Legacy Museum

Utility Trailer Manufacturing Co. said its special edition Legacy Museum trailer is being featured at this year’s Mid-America Trucking Show.

March 24, 2014