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Expeditors' quarterly profit up 29pc to US$141 million as sales rise 14pc

来源:    编辑:编辑部    发布:2018/08/10 10:56:28

SEATTLE forwarding major Expeditors International's second quarter net profit increased 29 per cent year on year to US$141 million, drawn on revenues of $643 million, up 14 per cent.

"We continued to add profitable growth from new and existing customers during the quarter, particularly in air and some of our differentiated, services, such as brokerage, transcon, and order management," said president and CEO Jeffrey Musser. 

During the quarter, air freight tonnage volume increased four per cent, Expeditors said, while ocean container volume increased one per cent.

Expeditors said its sea freight business suffered in Q2 as net revenues were down five per cent, with one per cent increase in volumes, as carriers took steps to mitigate the impact of volatile pricing, excess capacity, and higher fuel costs.