News / UTi Worldwide reports $34m loss in Q3 as freight rates and revenue take a tumble

10/12/2014

US 3PL UTi Worldwide yesterday announced a quarterly loss, as revenues decreased 6.6% on the back of falling freight rates and restricting costs.

Its third-quarter revenues were $1.08bn compared with $1.15bn in the same period last year, while net revenue – after purchased transport costs – ...

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