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 […]
  • Randy Woods
  • November 8, 2018

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 […]
  • Randy Woods
  • August 7, 2018

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, […]
  • Randy Woods
  • November 9, 2017

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 […]
  • Caryn Livingston
  • September 6, 2017

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 […]
  • Randy Woods
  • May 27, 2017

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 […]
  • Randy Woods
  • May 27, 2017

WorldACD: Did the industry turn a corner in September?

For the first time in two years, analysts at Dutch aviation market data firm WorldACD said air cargo volume worldwide grew by more than 5 percent, year-over-year, for the month of September, and saw a continuing trend of improving yields, compared to previous months. Could this be signs of a significant turnaround for what WorldACD […]
  • Randy Woods
  • November 2, 2016

Brussels launches pharma dolly to reduce airside temperature excursions

PARIS – For much of the morning on day one of TIACA’s Air Cargo Forum, a red curtain surrounded a mysterious adjunct to the Brussels Airport (BRU) booth. When the afternoon arrived, and the curtain was finally lifted, Brussels introduced its newest Airside Pharma Transporter to the world. At the same time, the airport revealed […]
  • Charles Kauffman
  • October 27, 2016

Last chance to vote for ACW’s Air Cargo Executive of the Year

Is there an air cargo executive you wish to nominate who has been head-and-shoulders above the rest in the last year? We at Air Cargo World want to know about it for our upcoming Air Cargo Executive of the Year award. But time is running out: Nominations are due no later than Thursday, Oct. 13. The 2016 […]
  • Randy Woods
  • October 10, 2016

Time to vote for ACW’s Air Cargo Executive of the Year nominees

As the end of the year approaches, we at Air Cargo World are reaching out to readers to seek nominations for our annual Air Cargo Executive of the Year award, celebrating the highest achievement in the air cargo industry. The 2016 Air Cargo Executive of the Year will be named on the cover of the […]
  • Randy Woods
  • September 30, 2016

Carriers, forwarders, shippers push for cool chain standardization

DUBAI – To ensure that there is “global consistency” in the way temperature-sensitive materials are handled, the cool chain industry needs to institutionalize best practices, through certifications – such as Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV-Pharma) and Good Distribution Practices (GDP) – and also through proper training, said panelists here yesterday […]
  • Lewis King
  • September 20, 2016

Airfreight tonnage the bright spot in Expeditors’ Q216 results

The strength of Seattle-based Expeditors International’s airfreight unit helped balance out the mediocre performance of its oceanfreight business, though not enough to prevent net profits from falling 1.6 percent, year-over-year, to US$116 million. Although gross revenues were down 12.8 percent to $1.48 billion, net revenues, which is a more meaningful measure of what a forwarder […]
  • Charles Kauffman
  • August 3, 2016

The Power 2015: Stability at the top

Stability at the top For the top four forwarders on the Power 25 list, ranked by tonnage, there was seemingly little change. DHL’s Supply Chain and Global Forwarding divisions led the field, yet again, by a wide margin, with 2.11 million tonnes of air cargo shipped during 2015. However, the leader hardly had an easy […]
  • Randy Woods
  • May 26, 2016

Expeditors sees record-high growth despite volume dip

The good times continue to roll at U.S.-based forwarder and logistics services provider Expeditors International – even when cargo volumes are down, the company reports double-digit growth in net income, operating income and operating margins. In fact, CEO Jeffrey Musser said 2015 was the best year in the company’s history. For the fourth quarter of […]
  • Randy Woods
  • February 26, 2016
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