Record Q3 boosts Expeditors earnings, with air freight business the breadwinner

November 7, 2018 Alexander Whiteman

US freight forwarder Expeditors has reported an 18% jump in nine-month revenues, pushing up net earnings 36%, despite carriers looking to take advantage of tight capacity.
Overall revenue hit $5.9bn for the nine months to September, generating earnings just shy of $439m, with chief executive Jeffrey Musser singling out the third quarter performance.
“We generated record third-quarter profitability, with the highest net revenue and operating income in our history,” Mr Musser.
“[This resulted from ...

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