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 […]

Strong 3Q Airfreight performance for K+N

Switzerland-based forwarder and logistics services provider Kuehne + Nagle reported third-quarter net income down 4.8% y-o-y to US$179 million, as Gross Profit (what some forwarders call net revenue) rose 4.8% to $1.68 billion. Operating income (EBIT) for the quarter was down 3.0% to $225 million. For the first three quarters of 2016, K+N’s net income […]

Elevate 2016 conference announced

Big data, analytics, digitization and the rise of global e-commerce are changing the face of airfreight logistics forever. To help propel the airfreight industry forward, Air Cargo World, sister publication of Cargo Facts, is proud to announce the launch of Elevate 2016, the air cargo industry’s first event focused on innovation. Elevate 2016 will take pl ace […]

A record year for Expeditors

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 they first appear when you consider […]

A record quarter for Expeditors

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 – net income, net revenue, and […]

Will Amazon enter the transportation and logistics business?

Will Amazon enter the transportation and logistics business? On one level, this is a stupid question, because we’ve all seen Amazon Fresh delivery trucks on the streets of our cities, and Amazon operates almost 170 distribution facilities worldwide. So, clearly, the company is already involved in transportation and logistics. However, Amazon’s current involvement is on […]

An outstanding quarter for Expeditors

US-based forwarder and logistics services provider Expeditors International reported second-quarter net income up 29.0% y-o-y to a record $118 million, as net revenues rose 13.9% to $552 million – also a record. Operating income for the quarter was up 28.3% to $183 million, yet another record. The year-over-year gains in operating income and net income, […]
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