Friday, June 7, 2013

Investopedia: UTi Worldwide Still A "Hurry Up And Wait" Story

This has been an unimpressive stretch of market performance for big freight forwarding companies like Expeditors International (Nasdaq:EXPD), Kuenhe + Nagel (OTC:KHNGY), and UTi Worldwide (Nasdaq:UTIW). Global trade has slowed pretty significantly, with major Asian air cargo terminals reporting scant (if any) growth, and likewise weak inbound freight figures for U.S. ports. In a roundabout way, maybe that's not so bad for UTi Worldwide, as this company tries to deliver on a multi-year turnaround strategy. If you're going to deliver uninspiring results, it may as be when investors aren't terribly keen on the sector.

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