Reported 20 days ago
Expeditors International reported a successful third quarter, reflecting significant year-on-year growth in air and ocean freight volumes, with airfreight up 19% and ocean freight up 12%. Despite rising transportation costs, profits increased, resulting in earnings per share of $1.63. The growth was partly attributed to 'pull-forward' volumes due to anticipation of port strikes and strong demand in air and ocean freight markets. However, the company remains cautious about future market volatility.
Source: YAHOO