Expeditors reports revenue drop as Asian shipping slows

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It will come as no surprise to anyone in the freight industry that another major forwarder this week reported weak revenue. Yesterday it was the turn of US 3PL Expeditors to announce that third-quarter revenues from North Asia were down as China’s manufacturing output continues to shrink, as were those from Europe, where the economy is effectively stagnant. But, as with many well-managed asset-light companies, it did report a year-on-year growth in profits for the quarter.