Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

Expeditors reports double-digit growth, but lacks confidence for fourth quarter

default_image
© Khunaspix Dreamstime.
By

Expeditors, which is eyeing the Europe and Asian markets more closely, has reported strong third-quarter results. Air freight volumes rose 15% in September, giving it a year-on-year increase for the quarter of 12%, while sea freight revenues grew 14.3%. But the company played down confidence for the last quarter of the year. And its shares fell after Credit Suisse downgraded the company, claiming “a combination of structural and cyclical headwinds” would hinder earnings growth.

Read more...

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Expeditors CH Robinson DSV Kuehne + Nagel Logistics on a steroid comedown

    Most read news

    Etail by air – here to stay or on a short shelf life?

    HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

    The rise and rise of China's ecommerce platforms

    Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban

    Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

    DSV chief reticent on Schenker: the focus on growing market share

    Another strong month for US ports as container flows continue to rise

    MSC redeploys 'Israel-linked' box ships away from Persian Gulf

    Boxes piling into Mexican ports – but then piling up

    Liners add capacity to Asia-ECSA as ocean rates hit 18-month high

    K+N looks past Q1 revenue drop to improved margins from restructure

    US intermodal picking up steam as trucking woes continue

    Schenker, what Schenker? DSV boss talks up options – yes, Sir!

    No summer siesta for airfreight

    Air Canada Cargo adds freighter service to Chicago

    Plateauing Kuehne + Nagel still rules but isn't liked very much