We saw a very modest expansion in ocean freight during the quarter. Having January in our figures, impacts our comparison to last year because of the earlier Chinese New Year. On a calendar quarter basis we were closely aligned with our peers and the market.Net revenue per unit expanded in the fourth quarter particularly in air freight. The expansion was driven by a combination of lower carrier rate, and process improvements that include better buying and continued success with our gateway initiatives.
UTi Worldwide CEO Discusses Q4 2011 Results - Earnings Call Transcript
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