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UTIW (MM)

7.09
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:UTIW NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.09 0 00:00:00

UTi's New LCL Pharma Offering Sets Sail

17/11/2015 1:00pm

GlobeNewswire


LONG BEACH, Calif., Nov. 17, 2015 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider, has launched a new temperature-controlled partial shipping service for the pharmaceutical industry, the first to connect Belgium and Israel.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=37644

UTi's "LCL Pharma" service provides a cost-effective alternative to airfreight for pharmaceuticals and other healthcare-related, temperature-sensitive products. It allows clients to make Less than Container Load (LCL) shipments without compromising quality standards. The service was unveiled last month at the Port2Port Cold Chain Forum in Tel Aviv, where it won the conference's innovation award, and has launched following a successful pilot phase.

Temperature-sensitive freight can be collected from across Europe and delivered to UTi's GDP Certified Pharma Hub near Brussels. The hub is configured to run 15°C to 25°C but also has 2°C to 8°C zones and a dedicated Pharma DG area, enabling additional routes and services to be added in the future. Real-time monitoring and control ensures that cool chain integrity is maintained throughout its onward journey, even through customs.

Phil Abbate, UTi Global Vice President, Pharmaceutical & Healthcare, said: "We are always looking at how innovative supply chain solutions can deliver better results for our clients and their patients. Through our 'pharma network of excellence' we continue to push the envelope in seeking out cost-effective alternatives that address the high cost of shipping perishables. Our new LCL solution is just one example of this, providing our healthcare clients with a seamless, temperature-controlled service, thus allowing them to move goods more efficiently by shipping smaller volumes on a regular schedule."

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: Aimen Chouchane
         firstlight pr
         +44 07835 900 201
         utiteam@firstlightpr.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

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