All Expeditors Articles – Page 2
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News
Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
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Expeditors: air cargo volumes rise 12% in third quarter 2017
Washington, Seattle-based global logistics company Expeditors International saw its airfreight tonnage increase by 12% year on year in the third quarter of 2017.Airfreight revenues for the three months totalled US$735,164, 18% more than the same period of 2016. Costs also rose, however: airfreight operating expenses stood at 547,595 (a year-on-year ...
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Expeditors launches new cargo tracking company
Freight forwarder Expeditors has launched a new cargo tracking company that will offer its services to customers moving cargo using other companies.The US forwarder said that Cargo Signal would offer its suite of sensor-based logistics tracking services on shipments move by both Expeditors and other carriers.These digital services are run ...
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Tough second quarter for Expeditors
US forwarder Expeditors endured a difficult second quarter as revenues and profits both declined, while airfreight revenues were also behind last year.The world’s fifth largest airfreight forwarder reported a 13% year-on-year decline in second-quarter revenues to $1.5bn, while operating profit was down 2% to $179m and net earnings attributable to ...
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Airfreight droops but profits rise at Expeditors
Seattle-based logistics company Expeditors International said its airfreight tonnage decreased 1% in the fourth quarter of 2015. However, overall financial growth was strong, despite the decrease and a 2% fall in ocean container volume, said senior vice-president and chief financial officer, Bradley Powell.President and chief executive officer Jeffrey Musser said ...
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News
Expeditors opts for single GDP standards for all stations
Freight forwarder Expeditors has implemented a single pharmaceutical Good Distribution Practice (GDP) compliance standard across all of its stations in order to avoid the issue of operating with different procedures in each country.Speaking at the Air Cargo News Life Science and Pharmaceutical conference, Expeditors global director healthcare vertical Andrew Lester ...
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Airfreight lifts buoyant Expeditors
A 13 per cent rise in airfreight volume helped Expeditors International to a 27 per cent earnings surge in the first quarter of 2015. The Seattle, US-based forwarder and logistics company announced net earnings of $106.7 million, compared with $83.8m for the same quarter of 2014.Senior vice president and chief ...
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Double digit boost for Expeditors
Expeditors International recorded double digit volume growth for both air and ocean freight in the 2014 third quarter, the first time this has happened since the last three months of 2010.The US-based global logistics operator said: "These 2014 third quarter results have given us a great deal of confidence,” adding ...
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Airfreight bolsters Expeditors’ figures
A ten per cent year on year increase in airfreight net revenues contributed to a strong 2014 fourth quarter for US forwarder and logistics company Expeditors.The Washington-based company said its net earnings had increased 19 per cent in the quarter, to almost $99.4m, compared with $83.5m in the same period ...
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News
Expeditors encouraged by 2Q results
SEATTLE’S Expeditor's International has posted encouraging results for the second quarter of 2010.“We’ve experienced very significant year-over-year volume increases in both our airfreight and ocean freight business,” said Peter Rose (right), chief executive officer. “Our customers seem to be doing well as compared with 2009. This feels particularly good to ...
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News
Expeditors move to Frankfurt
EXPEDITORS International, held the foundation-stone ceremony on 26 March for its new German headquarters to be built at the Mönchhof logistics park near Frankfurt Airport.The construction site is located on Tiber Strasse within Fraport’s new 110-hectare Mönchhof development area – the single largest remaining commercial development site in the entire ...
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