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