• ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American ShipperShipping

DSV begins UTi Worldwide layoffs

The Danish supply chain specialist has begun a review of “synergies” and “redundancies” following the close of its $1.35 billion acquisition of struggling third-party logistics provider UTi Worldwide.

   DSV A/S has begun laying off workers at UTi Worldwide following the close of its $1.35 billion acquisition of the struggling third-party logistics provider last month.
   The Danish supply chain specialist will let go of 41 employees at its Portland, Ore. offices, including software engineers, business analysts and managers, according to a report from the Portland Business Journal.
   Copenhagen-based DSV told the Wall Street Journal the layoffs are part of an overall review of its newly acquired business and that there could be more to come.
   “As with any company acquisition, the integration process gives way to a period of discovering not only synergies, but also redundancies where UTi and DSV overlap,” said DSV spokeswoman Tina Hindsbo. “We are unable to predict the number of layoffs that will take place during this phase.”
   Hindbo said the Portland layoffs primarily centered on IT support workers for a legacy UTi system that DSV does not plan to use.
   Prior to its purchase, UTi Worldwide was ranked number 20 among NVOs by research firm Zepol Corp., but took a $203 million operating loss in 2014.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.