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.
Please follow this link to continue:
http://www.investopedia.com/stock-analysis/060713/uti-worldwide-still-hurry-and-wait-story-utiw-expd-khngy-fdx-ups.aspx
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