Expeditors’ Discipline Can’t Prevent a Slide in Profitability — Panjiva


Expeditors’ Discipline Can’t Prevent a Slide in Profitability

Corp - Forwarders 157 Earnings 365 Global 722 Mode - Airfreight 131 Mode - Seaborne 1273

Expeditors International followed its peers in reporting higher-than-expected revenue growth in the third quarter. The 16.0% year-over-year increase in revenues was 290 basis points above analysts’ forecasts and included an 8.0% surge in ocean freight shipping. The company has flagged a need to be disciplined in terms of pricing. That can be seen in the firm’s U.S.-inbound volumes that rose by just 4.3% vs. 6.9% for the third party logistics (3PL) growth on average. The widening U.S.-China trade war may crimp future volume growth. Expeditors’ volumes originating in China repr...

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