Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on tight freight capacity and soaring prices.
Expeditors International said the ongoing trade disputes and the global economy nicked its profits and revenues in the third quarter of 2019, but the company did well in negotiating prices to make up for the downturn.
Expeditors International of Washington Inc. on Aug. 6 reported net income rose to $153 million, or 88 cents per share. That’s up 9% from $140.6 million, or 79 cents a share, in the same quarter a year ago.
Air and ocean freight forwarder Expeditors International of Washington reported sharply higher profits and strong revenue growth in the second quarter of 2018.
First-quarter expenses rose faster than revenue for Expeditors International of Washington, so the freight forwarder remained profitable but at a lower level than a year ago.May 2, 2017
Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement.February 21, 2017
Third-quarter air and ocean volumes increased for freight forwarder Expeditors International of Washington, but profit margins declined, leading to dips in revenue and net income for both the three- and nine-month periods ended Sept. 30, the Seattle-based firm said Nov. 8.
Logistics provider Expeditors International of Washington reported second-quarter profits fell 1.5% compared to the same period last year due to lower yields from airfreight and ocean freight operations.August 2, 2016