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UTi Worldwide
Rancho Dominguez, CA
Nasdaq: UTiW
310-604-3311
Roger MacFarlane, CEO
3PL Turnover: $3.1b
Service Area: Europe, Africa, Asia, North America
3PL Assets: 16,800 employees
856 tractors, 1,334 trailers
130 warehouses
Information Systems: Good
TMS - eMpower
WMS - eMpower
Services: Ocean and air freight forwarding, value-added warehousing and distribution, transportation management, customs brokerage, supply chain management
Industry Focus/Key Customers: Automotive, building materials, retailing, chemicals, industrial, technology, healthcare, consumer goods
Key Customers: Case New Holland, Dell Computer, Dow Corning, GAP, Home Depot, International Paper, Wal-Mart
Armstrong & Associates' Evaluation: UTi net revenues increased 25% last year through acquisitions and strong organic growth. UTI's VAWD operations are now 38% of net revenues. UTi's purchase of Standard Corporation is the most successful acquisition we have seen. Airfreight forwarding, ocean forwarding and customs are the other major functions. A major success was winning the contract for Wal-Mart's 8 million square foot distribution center near Houston, Texas. The contract is worth about $75 million per year. UTi is particularly strong in the British Commonwealth countries. CEO Roger MacFarlane has been masterful at moving UTi forward rapidly using a tight core of executives. One of his best, Alan Draper, President Asia/Pacific, has retired and may be hard to replace.