News / Expeditors' healthy Q1 results reflect response to 'unprecedented challenges'

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US freight forwarder Expeditors posted above-market volumes gains in the first quarter of this year, with revenues growing 77% year on year on the back of 29% growth in both ocean and air freight shipments.

The company is one of the largest freight buyers on the transpacific trades, which have been besieged by unprecedented levels of demand, married with persistent capacity constraint.

“Never before in our experience has capacity been so scarce in both air and ocean at the same time,” said ...