News / Bullish UTi Worldwide warns 'tight-margin shippers' to expect rate increases in 2016

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US freight forwarder and contract logistics provider UTi Worldwide yesterday claimed its financial rebound was continuing as it released second-quarter results.

But chief executive Ed Feitzinger sent a warning to major shippers that, after several years of procurement policies that simply focused on the cost of logistics and not its value, forwarders were getting wise to that and contract rate increases could be on their way next year.

UTi has spent much of its turnaround programme focusing on the particular cost and ...