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8/5/2014 2:30:00 PM Write a Letter to the Editor Write a letter to the Editor

Expeditors’ Profit Dips in Second Quarter

Expeditors International of Washington

Expeditors International of Washington’s second-quarter profit dipped 1%, but revenue increased.

Net income declined to $91.3 million, or 46 cents a share, from $92.3 million, or 45 cents, a year ago.

Revenue increased 3% to about $485 million, the Seattle-based logistics company said. Operating income declined 1% to $142.4 million.

“From a geographic perspective, our efforts during the last year to expand our European-based business showed up in European operating-income growth. These European results compensated for weaker Americas’ growth and an actual decline in Asia Pacific results,” CEO Jeffrey Musser said in a statement.

Expeditors International of Washington ranks No. 16 on the Transport Topics Top 50 list of the largest logistics companies in the United States, Canada and Mexico based on revenue.

By Transport Topics

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