News / Tough first quarter for Expeditors – customers cautious with their logistics dollars

Expeditors has had a challenging first quarter, which it blamed on current economic headwinds.

But even with weak global trade, the US forwarder appeared to have a tougher time than its competitors in the first quarter of the year.

Expeditors doesn’t open itself up to immediate interrogation from analysts in the same way that other listed companies do, but did comment that, given the challenges of Q1, it was “pleased with how things turned out”.

Revenues fell 15% to $1.4bn – an unpleasant comparison with, for example, CH Robinson, ...