Reported 2 days ago
Expeditors International had a robust fourth quarter in 2024, with revenue rising 30% to $2.95 billion, significantly surpassing analyst expectations. Operating income and net earnings increased by 51% and 49% respectively. The surge in performance was driven by heightened demand for air and ocean freight, largely due to disruptions in global shipping routes. Despite a strong quarterly performance, Expeditors' stock has seen a slight decline over the past year, reflecting market uncertainty regarding international trade dynamics.
Source: YAHOO