[Stay on top of transportation news: .]
UTi Worldwide Loss Narrows to $50.7 Million
UTi Worldwide Inc. reported its fourth-quarter loss narrowed to $50.7 million, or 48 cents per share, from $142.8 million, or $1.38 per share.
The forwarding and contract logistics company’s revenue fell 2.1% to $1.08 billion for its fiscal quarter ended Jan. 31.
UTi Worldwide, based in Long Beach, Calif., ranks No. 26 on the Transport Topics Top 50 Logistics list of North American logistics companies.