Post Tagged with: "Expeditors"

Expeditors faces challenging pricing environment in 2Q

Expeditors faces challenging pricing environment in 2Q

Capacity & Demand, News August 8, 2017 at 10:20 am

Despite transporting near record volumes of both air and ocean freight during 2Q17, Expeditors International of Washington, Inc., reported a 6.6% y-o-y drop in net income for the quarter, to US$109 million on “unfavorable pricing.” Air freight volumes jumped 9%, while ocean container volumes rose 4% y-o-y during 2Q17. LargerRead More

Expeditors 1Q17: Volume and revenue rise as net income drops

Expeditors 1Q17: Volume and revenue rise as net income drops

Earnings, News May 2, 2017 at 9:52 am

Although Expeditors International of Washington, Inc., transported significantly more air and ocean freight during 1Q17, compared to 1Q16, Expeditors’ operating margin (operating income as a percentage of net revenue) fell below the company’s 30% benchmark, to 28%. Of course, most companies would kill for a 28% margin, but for Expeditors,Read More

Expeditors handles record volumes in 4Q16, as margins take a hit

Expeditors handles record volumes in 4Q16, as margins take a hit

Earnings, News, Traffic February 22, 2017 at 10:21 am

US-based forwarder and logistics services provider Expeditors  International of Washington, Inc., transported significantly more air and ocean freight during 4Q16, compared to 4Q15, with volumes for both up 12% y-o-y. Despite higher volumes, net income was down 3.4% y-o-y, to $111 million. The larger volumes elevated net revenues, which roseRead More

Demand for air freight is growing so strongly that Panalpina issued a warning to shippers to book now for peak season, or risk having their cargo stay on the ground.

Where will your operating margins be in 2020?

News, Photos+Videos, Strategy January 27, 2017 at 10:57 am

Although no CEO (that we are aware of) possesses a crystal ball capable of offering-up a precise number, most companies have at least a general target for where they would like profitability to be at a certain point in the future. Swiss forwarder Panalpina is one company, with such aRead More

Alibaba goes to sea

Alibaba goes to sea

E-Commerce, Strategy January 9, 2017 at 9:22 am

Chinese e-commerce giant Alibaba entered a partnership with Maersk, the world’s largest ocean container shipping line, allowing shippers to use Alibaba’s OneTouch website to book space on Maersk vessels. OneTouch, which Alibaba acquired in 2010, targets small- and medium-sized Chinese exporters and allows them to book shipments with air freightRead More

The “forwarder’s airline” returns to its roots

The “forwarder’s airline” returns to its roots

Aircraft, Carriers, News, Photos+Videos, Strategy July 15, 2016 at 10:33 am

There has been much talk recently about the disintermediation of forwarders. Talk about cargo carriers bypassing their traditional forwarder customers and dealing directly with shippers. Even talk about e-commerce eliminating the need for forwarders altogether. But Cargolux, once known in the industry as “the forwarder’s airline,” has taken a stand inRead More

A record year for Expeditors

A record year for Expeditors

Earnings, News, Traffic February 25, 2016 at 10:30 am

US-based forwarder and logistics services provider Expeditors reported fourth-quarter net income up 15.2% y-o-y to $114 million, as net revenues rose 3.3% to $536 million. Operating income for the quarter was up 12.7% to $178 million. The double-digit gains in net income and operating income are even more impressive than theyRead More

A record quarter for Expeditors

A record quarter for Expeditors

Earnings November 4, 2015 at 10:20 am

US-based forwarder and logistics services provider Expeditors International reported third-quarter net income up 15.5% y-o-y to a $119 million, as net revenue increased 11.1% to $570 million. Operating income for the quarter was up 20.6% to $192 million. As was the case in the second quarter, all three metrics –Read More