UTi Introduces Multimodal Hubs for Faster Delivery
December 01 2015 - 8:00AM
LONG BEACH, Calif., Dec. 1, 2015 (GLOBE NEWSWIRE)
-- UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services
and solutions provider has introduced new multimodal hubs in Kuala
Lumpur and Ho Chi Minh City to tackle the challenges of static air
cargo capacity and service its Worldwide Gateways in Europe and the
USA.
Using these consolidation hubs UTi can provide
faster, more reliable transits for clients' goods and take
advantage of excess, short haul air capacity while also benefiting
from established road feeder routes it already has in place.
These hubs also allow UTi to roll out new routes
to provide clients with seamless movement of cargo to UTi's
European and American gateways. The three new routes are:
- SMATAR Germany - Singapore
Malaysia and Thailand Air Routing to Germany - for locations in
Europe serviced by UTi's Frankfurt Gateway
- SMATAR Amsterdam - Singapore
Malaysia and Thailand Air Routing to Amsterdam - for locations in
Europe serviced by UTi's Amsterdam Gateway
- SMART-US - Safe Mekong Air
Routing to the US - for freight from Vietnam and Cambodia to UTi's
Chicago and Atlanta Gateways.
Mudasar Mohamed, UTi Worldwide's Managing Director
for Singapore and Malaysia, said:
"Business in the ASEAN region continues to grow,
while air cargo capacity from the area has remained static -
resulting in an overflow of export cargo causing delays for
clients, especially during peak seasons.
"In order to tackle these challenges, UTi
Worldwide in South East Asia has been looking to develop new routes
and multimodal freight options to create seamless movement for our
clients' shipments.
"Our new routes will allow clients to benefit from
improved transit times and the elimination of split shipments, as
well as the knowledge that their goods are being delivered quicker,
safer and more reliably all year round."
About UTi
Worldwide
UTi Worldwide Inc. is an international,
non-asset-based supply chain services and solutions company
providing air and ocean freight forwarding, contract logistics,
customs brokerage, distribution, inbound logistics, truckload
brokerage and other supply chain management services. The company
serves a large and diverse base of global and local companies,
including clients operating in industries with unique supply chain
requirements such as the energy and mining, retail, apparel,
chemical, automotive, pharmaceutical and technology industries. The
company seeks to use its global network, proprietary information
technology systems, relationships with transportation providers and
expertise in outsourced logistics services to deliver competitive
advantage to each of its clients' supply chains.
CONTACT: Katie Quinlan
Director, Global Strategic Marketing & Communications
+49 (0) 173 710 6425
kquinlan@go2uti.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: UTi Worldwide via Globenewswire
HUG#1970392
(MM) (NASDAQ:UTIW)
Historical Stock Chart
From Jun 2024 to Jul 2024
(MM) (NASDAQ:UTIW)
Historical Stock Chart
From Jul 2023 to Jul 2024