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Expeditors reports revenue drop of 36%

Post-pandemic adjustments required, CEO says

Harrison Pike by Harrison Pike
February 22, 2023
in Archive, News
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Fourth-quarter revenue decreased 36% from 2021, logistics firm Expeditors International said in its latest earnings report.   The Seattle-based company, with a market cap of $16.7 billion, reported Tuesday that buy and sell rates and fourth quarter demand did not meet expectations, which caused year over year declines in revenue, operating income and diluted earnings attributable […]

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