Expeditors Leads the Forwarders Forward With Disciplined Ocean Freight — Panjiva


Expeditors Leads the Forwarders Forward With Disciplined Ocean Freight

Corp - Forwarders 160 Earnings 371 Global 747 Mode - Airfreight 132 Mode - Seaborne 1286

Freight-forwarder Expeditors International reported third quarter revenues that were 15% higher than a year earlier, and 5% better than expected. While airfreight grew quicker than ocean, its 18% revenue growth came at the expense of a 6% drop in NRPU (net revenue per unit). The ocean freight business meanwhile saw an 8% rise in NRPU, the first since 1Q 2016, showing a disciplined approach to growth. Expeditors was the fastest growing of the six forwarders covered by Panjiva, with the group averaging a 10% expansion. It also had the best profitability. While a 10% rise in staff costs mea...

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