An international, non-asset-based supply chain services and solutions company that provides services through a network of offices and contract logistics centers.
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UTIW used to go head to head with Expeditors Intl (EXPD), another of my picks, which was a bad idea. Now, UTIW is a 3-rd party provider of integrated logistics services. They have grown mainly by acquisition, and have so far made pretty good ones. Their integrated approach potentially offers customers considerable savings. UTIW's technology is top-notch, and is able to track each shipment real-time, on an SKU basis. They are geographically diversified. They don't own their freight assets, which frees up cash for better uses and increases flexibility.
That having been said, they aren't as profitable as Expeditors. The growth-by-acquisition strategy is potentially risky (although, as I said, they have made no bad decisions so far). Also, the freight-forwarding business is highly competitive. UTIW is not well-exposed to the trans-Pacific route, which has recently been the fastest growing.
UTIW is up about 10% since I picked it. In real life, I would prefer to (and do) own Expeditor's, which I also picked in CAPS. EXPD's stock has, for whatever reason, stalled in the 3 months since I picked it, and I think it would make a good purchase for new money. Muhlenkamp (MUHLX) is a big holder of EXPD stock, and is a good value fund overall. I wouldn't rush to put real money into UTIW right now, but I will continue to hold it in CAPS.
I worked for this company for 8 years and didnt receive a pay increase in the last 5 years of employment.This company makes a lot of money thru cutbacks,signing year to year contracts,keeping their employees underpaid,knowing the job market is almost non-existent and that their employees cant leave for anything better..The stock hasnt risen past 35-40 since it split and doesnt seem to be going anywhere as if it were in a stall and cant get its motor restarted.