Expeditors reports record 3Q profits

US-based forwarder and logistics services provider Expeditors International reported record third quarter profitability, with the highest net revenue and operating income in its history. During this year’s third quarter, net income was up 35.2% year-over-year to $163 million, as net revenue increased 10.4% to $661 million. Operating income for the quarter was up 8.7% to […]
  • Chelsea Toczauer
  • November 7, 2018

Expeditors flies high!

US-based forwarder and logistics services provider Expeditors International reported fourth-quarter net income up 51.2% y-o-y to $168 million, as net revenue increased 14.6% to $629 million. Operating income for the quarter was up 15.6% to $199 million. At first glance, the more than 50% increase in profit looks odd, but the quarter’s net income included […]
  • David Harris
  • February 21, 2018

Expeditors flies high in 3Q17

For what seemed like forever, US-based forwarder Expeditors reliably produced financial and operating results that were the envy of the industry. In fact, it is not much of a stretch to say that Expeditors’ margins would be the enviable in just about any industry. But last year, a bit of the shine came off. Despite […]
  • David Harris
  • November 9, 2017

Expeditors faces challenging pricing environment in 2Q

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. Larger volumes boosted gross revenues 13.4% […]
  • Charles Kauffman
  • August 8, 2017

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

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, falling below 30% is a […]
  • Charles Kauffman
  • May 2, 2017

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

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 rose 2.3% to $549 million, though […]
  • Charles Kauffman
  • February 22, 2017

Where will your operating margins be in 2020?

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 a target.  In an interview given […]
  • Charles Kauffman
  • January 27, 2017

Alibaba goes to sea

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 freight and parcel delivery services. And […]
  • David Harris
  • January 9, 2017
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