RTTN: Expeditors Q4 earnings to be below consensus estimates; shares plunge
RTTNews reports: Expeditors International of Washington, Inc. (EXPD) said its preliminary fourth quarter operating income is ...
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The headline says it all, really. The months-long port crisis on the US west coast led desperate importers to shift freight off the water and into the air, which meant better margins for their freight forwarders. That translated into first-quarter revenue growth of 12%, year on year, and an operating income increase of 25% to $168m.
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