As an old saying goes, when it rains it pours.

Jeff Musser, president and CEO of US-based 3PL Expeditors, on 13 November sold 120,000 shares at a weighted average price of $89.34, it emerged this week.

The total implied transaction value was $10.72m (click here for more).

The company said in a Form 4 filing that:

“These shares were sold in multiple transactions at prices ranging from $89.00 to $90.05, inclusive. The reporting person undertakes to provide to any security holder of Expeditors or to the ...

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