Despite loss, new CEO says UTi Worldwide is past 'turning point'
Less than a day after CEO and board member Eric W. Kirchner resigned, logistics operator UTi Worldwide posted weaker-than-expected results for its third quarter, reporting a $34 million net loss on a 6.6 percent year-over-year drop in revenue to $1.08 billion.
The CEO resignation and deeper losses came a week after…
http://www.joc.com/international-logistics/despite-loss-new-ceo-says-uti-worldwide-past-turning-point_20141209.html
Journal of Commerce