News / Expeditors 'adapted well in an erratic quarter' – but earnings disappoint

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Expeditors’ Q2 results will have left investors disappointed, with softer-than-expected earnings and a “still-heavy” cost base, but revenues remain solid.  

Year on year, the forwarder’s revenues increased 9%, to $2.4bn, but operating income fell 10%, to $224m.  

President and CEO Jeffery Musser said it had been “another erratic quarter” for the industry, but Expeditors had “continued to adapt well”.  

He highlighted disruption, such as rapid changes and imbalances in buy versus sell rates, particularly on Asian exports, e-commerce demand and ...