Profile: UTi Worldwide Inc (UTIW.OQ)

UTIW.OQ on NASDAQ Stock Exchange Global Select Market

7.09USD
21 Jan 2016
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UTi Worldwide Inc., incorporated on January 30, 1995, is a non-asset-based supply chain services and solutions company. The Company's primary services include air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics and truckload brokerage. The Company operates through two segments: Freight Forwarding, and Contract Logistics and Distribution. The Company's Freight Forwarding segment includes airfreight forwarding, ocean freight forwarding, customs brokerage and other related services. The Contract Logistics and Distribution segment includes the Company's various operations providing contract logistics, distribution and other related services. The Company provides services through a global network of freight forwarding offices, and contract logistics and distribution centers in approximately 60 countries. The Company also provides other supply chain management services, including consulting, the coordination of purchase orders and customized management services.

Freight Forwarding Segment

The Company's freight forwarding business is conducted through non-committed space allocations with carriers. The Company arranges for, and provides pick-up and delivery service between the carrier and the location of the shipper or recipient. The Company provides airfreight forwarding services in two principal forms: as an indirect carrier and as an authorized agent for airlines. The Company provides ocean freight forwarding services in two principal forms: as an indirect carrier, sometimes referred to as a Non-Vessel Operating Common Carrier (NVOCC), and as an ocean freight forwarder nominated by its client (ocean freight forwarding agent). The Company also provides customs brokerage services in the United States of America and in various other countries in which it operates. As part of its customs brokerage services, the Company prepares and files formal documentation required for clearance through customs agencies, obtains customs bonds, facilitates the payment of import duties on behalf of the importer, arranges for payment of collect freight charges, assists with determining and obtaining the commodity classifications for shipments, and performs other related services.

Contract Logistics and Distribution Segment

The Company's contract logistics services primarily relate to value-added warehousing and the subsequent distribution of goods and materials. The Company's services include receiving, deconsolidation and decontainerization, sorting, put away, consolidation, assembly, cargo loading and unloading, assembly of freight and protective packaging, warehousing services, order management, and customized distribution and inventory management services. The Company's outsourced services include inspection services, quality centers and manufacturing support. The Company's inventory management services include materials sourcing services pursuant to contractual, formalized repackaging programs and materials sourcing agreements. The Company also provides a range of distribution, consultation, outsourced management services, planning and optimization services, and other supply chain management services. As part of its distribution services, the Company provides domestic ground transportation and road distribution services primarily in North America and South Africa.

Company Address

UTi Worldwide Inc

100 Oceangate Ste 1500
LONG BEACH   CA   90802-4347
P: +1562.5529400

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