Expeditors Q1 earnings grow 21% despite impact from cyberattack

Attack dampens airfreight volumes by 18%

Seattle-based forwarder and logistics service company Expeditors’ airfreight revenue for the first quarter of 2022 was up 20.6% year over year to around $1.6 billion, despite challenges from a cyberattack that occurred in February. Expeditors’ other sectors, including ocean freight and customs brokerage, also saw revenue increases during the quarter, with total revenue up 45.8% […]

 

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