Logistics firm Expeditors posts upbeat results as tariff turmoil boosts brokerage demand
Update: 2025-11-04
Description
Expeditors International of Washington soars as it surpasses Wall Street's expectations with a 5% jump in shares following its Q3 results. The global freight forwarder capitalized on a robust airfreight performance and increased demand for customs brokerage services, driven by shifting trade policies and regulatory changes. Despite a dip in ocean freight revenue, the company's total quarterly revenue of $2.89 billion and profit per share of $1.64 exceeded analysts' predictions, highlighting the dynamic nature of global shipping and the industry's ability to adapt to changing market conditions.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
