Expeditors continues to increase profits in 2018

Seattle-based forwarder and logistics services company Expeditors International released its 2018 results, which show that its high-margin profits we’ve come to expect in the last year continued to roll through the end of the year. Operating income increased 9 percent to US$217 million year-over-year for the fourth quarter, and 14 percent to $797 million for […]
  • Nina Chamlou
  • February 19, 2019

Expeditors goes from strength to strength

US-based forwarder and logistics services provider Expeditors International continues to set the bar for performance in the forwarding business, reporting first-quarter 2018 net income up 45.5 percent year-over-year to $137 million as net revenue rose 20.5 percent to $637 million. Operating income for the quarter was up 32.0 percent to $193 million. All three of […]
  • David Harris
  • May 8, 2018

Pharma.Aero platform membership grows to 18 companies

Pharma.Aero, an initiative formed last year between Brussels Airport and Miami International Airport to advocate for shipping standards based on IATA’s CEIV-Pharma certification, announced the addition of three new member organizations to its roster, for a total of 18 companies. Forwarder Expeditors International of Washington, Inc., and container manufacturer Envirotainer, which specializes in cold-chain ULDs […]
  • Caryn Livingston
  • September 18, 2017

Air cargo market strength equals Expeditors’ weakness in 2Q17

Despite transporting near record volumes of both air and ocean freight during 2Q17, Expeditors International of Washington, Inc., reported a 6.6 percent year-over-year drop in net income for the quarter, to U.S.$109 million on “unfavorable pricing.” Our sister publication, Cargo Facts reports: Expeditors faces challenging pricing environment in 2Q  
  • Charles Kauffman
  • August 8, 2017

Expeditors 1Q17: Volume and revenue rise as net income drops

Although Expeditors International of Washington, Inc., transported significantly more air and oceanfreight during 1Q17, compared to 1Q16, Expeditors’ operating margin (operating income as a percentage of net revenue) fell below the company’s 30 percent benchmark, to 28 percent. Of course, most companies would kill for a 28 percent margin, but for Expeditors, falling below 30 […]
  • Charles Kauffman
  • May 11, 2017

Volumes surge as net income drops in Expeditors’ 4Q16

Our sister publication, Cargo Facts takes a look at US-based forwarder and logistics services provider Expeditors  International of Washington, Inc’s 4Q16 results. Despite significantly higher air and ocean freight during 4Q16, compared to 4Q15, net income was down 3.4% y-o-y, to $111 million. For more, see: Expeditors handles record volumes in 4Q16, as margins take a hit
  • Charles Kauffman
  • February 22, 2017

Expeditors loses momentum in Q1 2016

First-quarter net revenues dropped 2 percent, year-over-year, at Seattle-based Expeditors, to US $517 million, while net profit fell 9.6 percent, year-over-year, to $97 million as the company adjusts to marketthat looks very different from the boom days if Q1 2015. Company president and CEO Jeffrey S. Musser noted the stark differences in “the underlying fundamentals” […]
  • Charles Kauffman
  • May 5, 2016

Uncharted waters: Three cargo leaders to watch in 2016

After starting with a promising surge in airfreight demand during the U.S. West Coast port crisis, 2015 has proven to be a tough year as the industry endured economic fallout from a slowdown in the Asian economy, falling airfreight demand on prominent trade routes and a marked decline in fuel surcharge revenues. Through it all, […]
  • Randy Woods
  • December 3, 2015

Expeditors goes from strength to strength

The phrase “I have no weaknesses, I have only varying degrees of strength” may have originated as a joke, but the concept certainly applies to US-based forwarder Expeditors International, which reported first-quarter 2015 net income up 27.3% y-o-y to $107 million.
  • David Harris
  • May 7, 2015

The week in brief

Etihad Airways launched daily nonstop service between Los Angeles International Airport and Abu Dhabi International Airport. Los Angeles is Etihad’s fourth U.S. destination. In the next step to co-locate operations across the combined network, US Airways Cargo joined American Airlines Cargo’s operations at Chicago O’Hare International Airport. While the two carriers continue to operate independently, […]
  • June 5, 2014