UTi reports lower 3Q profit

Intermediaries

Friday, December 07, 2012

Third party logistics services firm UTi Worldwide reported profit of $10.5 million in the third quarter ending Oct. 31, compared to $28.5 million in the third quarter last year. Revenue was $1.13 billion in the third quarter, a decrease of 10.7 percent from $1.26 billion in the same period last year. Net revenues (revenues minus purchased transportation costs) were $403.6 million, a decrease of 9 percent from $443.4 million. Eric W. Kirchner, chief executive off...

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