The company has lagged the wider U.S. logistics market this year that boosted results of rivals such as C.H. Robinson Worldwide Inc, XPO Logistics Inc and Expeditors International of Washington Inc.. While shares of C.H. Robinson and XPO have jumped about 60 percent and 25 percent in the past year, UTi shares have dropped about 30 percent. Analysts on average were...
Dec 9- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Kirchner joined UTi as CEO in January 2009 from parcel delivery company United Parcel Service Inc, where he led its freight forwarding business. The company denied last week a Bloomberg report saying it...
Dec 8- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner has resigned and named Edward Feitzinger as CEO effective immediately.
Dec 3- Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. "UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV A/S, those discussions never progressed...
Take a look at some of Wednesday's midday movers:
Here's what's moving Thursday midday:
Oct 9- UTi Worldwide Inc:. *Baird cuts UTi Worldwide Inc price target to $16 from $18; rating. Reuters Station users, click. 1568.
*Jefferies raises Canadian National Railway Co price target to $77. *Jefferies cuts Canadian Pacific Railway Ltd price target to $77 from. *Jefferies cuts Norfolk Southern Corp price target to $72 from $75;.
Transports have surged more than 15 percent in the fourth quarter, but what does the road ahead look like heading into 2012?
Logistics company UTI Worldwide reported Thursday quarterly income sharply higher than previous year's comparable period, but its bottom-line number fell short of analysts expectations.