Analysis: Expeditors shareholders want greater value, despite 'best year ever'

“The best year in the company’s history doesn’t happen by accident,” said Jeffrey Musser, Expeditors’ president and chief executive, announcing its recent results.

The US-headquartered company may have wrapped up a record year, but solid financials may not be enough to dissolve disquiet about its future.

“As the board knows, its performance on the stock exchange last year was barely acceptable, and we are neither thrilled nor excited about its prospects,” a key shareholder told me this week.

In short, I gather that ...