News / Expeditors profits dip, but its new CEO is eyeing ocean and air freight expansion

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One of the US’s largest freight forwarders, Expeditors International, has reported a 6% increase in revenue, but a 1% decrease in profit following weaker second-quarter results in its largest geographical segment – Asia-Pacific.

However, gains made in Europe almost offset reduced profits in Asia and flat returns in North America.

The Seattle-headquartered company recorded second-quarter revenue of $1.59bn and operating profits of $142.4m, compared with $1.5bn and $143.6m in same quarter of 2013.

For the first half of the year, its results were ...