Consultant Insight: Forwarders end 3Q uncertain of what 2020 may bring

Declining volumes, profit improvements and a pessimistic outlook for 2020 pretty much sums up the latest earnings reports from major freight forwarders. Earnings reports from Kuehne + Nagel, DSV Panalpina, Expeditors, C.H. Robinson and DHL Global Forwarding and Freight were reviewed and while there was some positive news, overall, there is concern for the freight […]

IAG Cargo revenues, volumes take hit in 3Q

U.K.-based IAG Cargo reported third-quarter 2019 revenues that were down 9% year-over-year at a constant exchange rate, to €269 million for the period ending Sept. 30. Tonnage was down 5.7% during the quarter, to 162,000 tonnes. Cargo traffic meanwhile, was 4.9% lower at 1.35 billion cargo-tonne kilometers. Cargo yield for the quarter was down 4.2% […]

Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]

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 […]

Expeditors reports record net income for Q3

U.S.-based forwarder and logistics services provider, Expeditors International, reported record-high third-quarter profitability, including the highest quarterly net revenue and operating income in its history. During Q3 for 2018, net income was up 35.2 percent, year-over-year, to US$163 million, while net revenue increased 10.4 percent to $661 million. Operating income for the quarter was up 8.7 percent to […]

Expeditors reports Q2 growth in airfreight sector

Seattle-based freight forwarder Expeditors International of Washington today reported a stong performance in its airfreight services in its the second quarter of 2018, but said oceanfreight struggled due to pricing issues. “We continued to add profitable growth from new and existing customers during the quarter, particularly in air and some of our differentiated, best-in-class services, such […]

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 […]

From good to better: Expeditors on the rebound in Q3

After spending years as the forwarder with most enviable quarterly reports, boasting margins that often topped 30 percent, Expeditors has seen some tougher sledding in recent months. While air and ocean volumes continued to rise, Seattle-based Expeditors endured a 6 percent decline in net income last year, compared to 2015, and margins that were merely good, […]

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 […]

Expeditors launches sensor-based logistics company Cargo Signal

In another sign of the need for forwarders to add value to their logistics services, Expeditors International of Washington, Inc., is leveraging its third-party offerings into a new subsidiary, called Cargo Signal. The new company will provide sensor-based logistics services previously available only on shipments with Expeditors on shipments with the Seattle-based company and with […]

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  

The Power 25: How long can the good times last?

EARLY RISERS For this year’s Power 25, the positive trends outweighed the bad. Last year, we at Air Cargo World predicted DSV, following its completed absorption of UTi, would be a fast riser – and rise it did, leaping up seven spots on the Power 25 list, from No. 16 to No. 9. Now that […]

The Power 25 List for 2017

The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2016 air tonnage. Revenue information and tonnage figures for 2016 are either reported by the companies or estimated by Armstrong & Associates. The Power 25: Rank […]

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 […]
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