News / Its 'winning strategy' delivers as Expeditors weathers 'challenging' market

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US freight forwarder Expeditors managed to overcome volume declines in both ocean and air freight to report a 2% increase in third-quarter operating income.

The company said group revenues for the third quarter had declined by 1% to $2.1bn, on the back of a 7% and 2% decrease in air and ocean freight, respectively.

However, operating income increased to $207m from $203m in the same period last year.

“The third quarter presented challenges that were not unexpected, in terms of growth in the ...