Welcome to our dedicated page for Expeditors Intl news (Ticker: EXPD), a resource for investors and traders seeking the latest updates and insights on Expeditors Intl stock.
Expeditors International (EXPD) delivers innovative logistics solutions through its global network, specializing in freight forwarding and supply chain optimization. This dedicated news hub provides investors and industry professionals with essential updates on the company's operational milestones and strategic direction.
Access consolidated coverage of EXPD's earnings reports, partnership announcements, and service expansions. Our repository includes official press releases alongside curated analysis of developments in air/ocean freight capabilities, customs compliance innovations, and technology-driven logistics improvements.
Key updates focus on EXPD's non-asset-based operational model, international trade compliance expertise, and customer-centric supply chain solutions. Track the company's progress in enhancing real-time shipment visibility and optimizing multimodal transportation networks.
Bookmark this page for streamlined access to Expeditors International's latest business developments. Check back regularly for factual updates on how EXPD continues to shape global logistics through technology integration and operational excellence.
Expeditors International of Washington (NASDAQ:EXPD) reported Q1 2022 financial results, showing a 23% increase in diluted EPS to $2.05 and a 21% rise in net earnings to $346 million. Revenues surged 46% to $4.7 billion, while operating income grew 20% to $462 million. Despite these gains, airfreight tonnage decreased 18% and ocean container volume fell 3%, primarily due to a cyber-attack that hampered operations. The company expects ongoing imbalances in supply and demand in the air and ocean sectors into the future.
Expeditors International of Washington (NASDAQ: EXTD) reported Q4 2021 results with diluted EPS up 129% to $2.66, net earnings rising 128% to $453 million, and operating income increasing 121% to $624 million. Revenues reached $5.4 billion, an 81% increase. Airfreight volume rose 13%, while ocean container volume fell 4%. CEO Jeffrey Musser highlighted ongoing challenges in global supply chains due to congestion and worker shortages. The company is also addressing a cyberattack, which could adversely affect operations and reputation.
Expeditors International of Washington (NASDAQ:EXPD) experienced a targeted cyber-attack on February 20, 2022, prompting the company to shut down most of its global operating systems. This decision aims to ensure the safety of their systems while they collaborate with cybersecurity experts to manage the situation. The shutdown affects their ability to conduct operations, including freight shipments and customs management. Ongoing expenses related to the attack are expected, potentially leading to a material adverse impact on the company's revenues and reputation.
Expeditors International of Washington (NASDAQ: EXPD) declared a $0.58 semi-annual cash dividend on November 1, 2021, payable on December 15, 2021. Shareholders of record as of December 1, 2021 will receive this dividend. Based in Seattle, Washington, Expeditors operates globally with a network of 176 district offices across six continents, offering comprehensive logistics services, including freight forwarding and customs brokerage.
Expeditors International of Washington (NASDAQ:EXPD) reported impressive Q3 2021 results compared to Q3 2020. Diluted EPS rose 87% to $2.09, while net earnings surged 88% to $359 million. Operating income increased 94% to $490 million, and revenues jumped 84% to $4.3 billion. Despite record performance, the company faces labor and infrastructure constraints impacting air and ocean freight capacity. The CEO anticipates these conditions will persist well into 2022, impacting future operations.
Expeditors International of Washington reported impressive Q2 2021 results, achieving a 69% increase in diluted EPS to $1.84 and a 72% rise in net earnings to $316 million. Operating income soared 66% to $411 million, with revenues up 50% to $3.6 billion. Airfreight and ocean container volumes grew by 37% and 34%, respectively. Despite these gains, the company faces challenges including supply chain disruptions and tight capacity, with uncertainties about future improvements in the operating environment persisting through 2021.
Expeditors International of Washington (NASDAQ: EXPD) has declared a semi-annual cash dividend of $0.58 per share. This dividend is payable on June 15, 2021, to shareholders of record as of June 1, 2021.
Expeditors is a global logistics company, with operations in 176 district offices across six continents, offering services including air and ocean freight forwarding, customs brokerage, cargo insurance, and customized logistics solutions.
Expeditors International of Washington reported a strong first quarter of 2021, with diluted EPS increasing 135% to $1.67 and net earnings rising 135% to $287 million. Operating income surged 142% to $386 million, while revenues climbed 77% to $3.4 billion. Airfreight and ocean container volumes both rose 29%. CEO Jeffrey S. Musser noted challenges in securing capacity amid high demand and market volatility, but expressed confidence in the company’s ability to navigate disruptions.
Expeditors International (NASDAQ:EXPD) reported impressive fourth quarter 2020 results, with diluted earnings per share increasing 47% to $1.16 and net earnings rising 45% to $199 million. Operating income surged 56% to $282 million, while revenues soared 55% to $3.2 billion. The company achieved record airfreight tonnage and ocean container volumes, showcasing its resilience amidst the challenges of the COVID-19 pandemic. Despite elevated air and ocean rates, supply and demand imbalances are expected to persist into 2021, impacting pricing conditions.
Expeditors International of Washington (NASDAQ: EXPD) declared a semi-annual cash dividend of $0.52 per share on November 2, 2020. This dividend is set to be paid on December 15, 2020, to shareholders who are on record as of December 1, 2020.
Expeditors is a leading global logistics company based in Seattle, operating through 176 offices worldwide. Their services encompass air and ocean freight forwarding, customs brokerage, cargo insurance, and various customized logistics solutions, ensuring a robust global supply chain.
