Tariff Quote Watch: Expeditors Has More Than Trade War To Worry About — Panjiva


Tariff Quote Watch: Expeditors Has More Than Trade War To Worry About

Corp - Forwarders 187 Earnings 389 Global 892 Mode - Airfreight 139 Mode - Containerized 1099 Mode - Seaborne 1395 Tariff Quote Watch 176 Tariffs 1426

Freight forwarder Expeditors International suffered a 0.8% year over year decline in revenues in 3Q. A range of “ongoing trade disputes that extend well beyond just the United States and China” took a toll on the group’s performance according to CEO Jeffrey Musser. There’s likely to be a company specific component though. Airfreight revenues dropped 14.0% year over year whereas data from IATA shows an average 3.9% decline for the industry as a whole for the July to September period. Similarly, ocean freight revenues were unchanged. U.S.-inbound containerized traffic handled by the firm f...

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