News / UTi looks to 1View system to help restore its fortunes after big increase in Q1 losses

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US freight forwarder and contract logistics provider UTi Worldwide yesterday saw its first-quarter losses grow year-on-year, after small increases in ocean and air freight volumes were hit by lower pricing.

The company reported a net loss of $43m for the quarter, compared with a loss of $12m in the same period last year. It was also hit by a stronger dollar, with around two-thirds of its revenue generated outside the US.

Forwarding volume increases were primarily driven by gains in the Asia-Pacific ...