All Expeditors articles
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NewsPuerto Rico air cargo community scoops CEIV Pharma certification
Seven members of the Puerto Rico Life Sciences Air Cargo Community programme are now IATA’s CEIV Pharma certified
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Expeditors: Buy rates put pressure on profits in erratic Q2
Expeditors saw its profits decline in the second quarter of the year despite increases in airfreight revenues and volumes.The Seattle-headquartered forwarder saw second-quarter airfreight volumes increase by 15% and air revenues improve by 14.5% to $860.3m. However, airfreight expenses rose by 22.9% compared with last year.There was a similar trend ...
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NewsTough market for Expeditors
Jeffrey Musser of Expeditors. Image Source: ExpeditorsSeattle, Washington State-headquartered logistics giant Expeditors International of Washington, Inc. has announced its third-quarter 2023 financial results.Operating income fell by 59 percent over the same quarter of 2022 to $216m as revenue fell by 50 percent to $2.2bn.Airfreight tonnage volumes were down by 14 ...
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NewsTop 25 airfreight forwarders: Kuehne+Nagel takes top spot from DHL
There is no doubt that 2021 was a bumper 12 months for airfreight forwarders with revenues, profits and volumes reaching new highs, but it was also a year of change at the top as Kuehne+Nagel knocked DHL off the top spot (see full list at end of article).The latest annual ...
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Expeditors continues recovery following cyber attack
Expeditors is continuing to recover its operations after a cyber attack and expects “that system resumption will continue this week and into the next few weeks ahead".The company, which first reported that it had suffered a cyber attack on February 20, anticipates that its enterprise brokerage system will begin to ...
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Expeditors' operations begin to come back online following cyber attack
Expeditors is beginning to handle shipments again following a cyber attack two weeks ago.In its latest update, the US forwarder said that it was making progress in returning to normal operation, although recovery efforts are still underway."We are now handling shipments and providing services across most products and expanding recovery ...
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Expeditors continues to battle cyber attack
Expeditors continues to work on getting its operations back to normal following a cyber attack on February 20.In a February 23 statement regarding its work to restore operations, the US forwarder said: “Our employees are focused on deploying backup procedures and solutions during this time. Our cybersecurity and technology teams ...
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NewsExpeditors' operations hit following cyber attack
Source: ShutterstockGlobal operations at Expeditors are facing disruption after the US forwarder became the latest supply chain firm to suffer a cyber attack.On Sunday, the company told customers that it had suffered a targeted cyber attack. The forwarder said that it was working with global cyber-security experts to resolve the ...
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Expeditors the latest to outline ongoing air cargo constraints
Congestion and capacity shortages in air cargo are expected to continue as the industry deals with the impact of ocean shipping chaos, heightened demand and lost belly capacity, according to Expeditors senior vice president of global air Kelly Blacker.Speaking on a company podcast, Blacker described the freight market as an ...
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NewsGerman airfreight market registers 22% decline in 2020
Last year, in the wake of the coronavirus pandemic, global airfreight traffic fell by 10.6% year on year, according to IATA; this is the biggest decline since records began in 1990.But how did the year go for market participants in Germany? How did the top 10 airfreight forwarders and airlines ...
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Expeditors outlines 'intense' and 'unsettled' Q2 for air cargo
Seattle-headquartered freight forwarder Expeditors has described the second quarter as "intense" and "unsettled" as a result of the supply-demand imbalance in air cargo.Summing up the second three months of the year, president and chief executive Jeffrey Musser said that the Covid-19 outbreak has had a significant and widespread impact on ...
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NewsForwarders offer other modes in response to China air cargo congestion
Expeditors and DSV Panaplina have both been promoting alternatives to air cargo, such as road, rail and express ocean, as an option out of China in response to ongoing congestion.In a circular sent out last night, Expeditors senior vice president global ocean transportation Karl Fransisco said express ocean services could ...
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Blacker scoops senior airfreight role at Expeditors
Expeditors International has appointed Kelly Blacker to the role of senior vice president, global air.Blacker has held several leadership positions over her 25-year career at Expeditors and she is a licensed US customs broker and IATA/FIATA certified. Currently based in Atlanta, she will relocate to the Seattle corporate office.Blacker’s promotion ...
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Expeditors reports on steady fourth-quarter performance
Seattle, Washington state-headquartered forwarder Expeditors International has released fourth-quarter 2018 results that included an 18% year on year improvement in revenues and 9% improvement in operating income.Airfreight volumes handled were up by 2% on those of the same quarter of 217.President and chief executive Jeffrey Musser observed: “The fourth quarter ...
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Expeditors warns of airfreight rate volatility as profits hit new highs
US freight forwarder Expeditors has warned of increasing volatility in airfreight rates as it reports record profits for the third quarter of the year.The company saw third-quarter revenues increase by 16% year on year to $2.1bn, while earnings before interest and tax were up 9.4% on a year earlier to ...
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Expeditors: air cargo volumes rise 12% in third quarter 2017
Washington, Seattle-based global logistics company Expeditors International saw its airfreight tonnage increase by 12% year on year in the third quarter of 2017.Airfreight revenues for the three months totalled US$735,164, 18% more than the same period of 2016. Costs also rose, however: airfreight operating expenses stood at 547,595 (a year-on-year ...
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Expeditors launches new cargo tracking company
Freight forwarder Expeditors has launched a new cargo tracking company that will offer its services to customers moving cargo using other companies.The US forwarder said that Cargo Signal would offer its suite of sensor-based logistics tracking services on shipments move by both Expeditors and other carriers.These digital services are run ...
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Tough second quarter for Expeditors
US forwarder Expeditors endured a difficult second quarter as revenues and profits both declined, while airfreight revenues were also behind last year.The world’s fifth largest airfreight forwarder reported a 13% year-on-year decline in second-quarter revenues to $1.5bn, while operating profit was down 2% to $179m and net earnings attributable to ...
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Airfreight droops but profits rise at Expeditors
Seattle-based logistics company Expeditors International said its airfreight tonnage decreased 1% in the fourth quarter of 2015. However, overall financial growth was strong, despite the decrease and a 2% fall in ocean container volume, said senior vice-president and chief financial officer, Bradley Powell.President and chief executive officer Jeffrey Musser said ...
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Expeditors opts for single GDP standards for all stations
Freight forwarder Expeditors has implemented a single pharmaceutical Good Distribution Practice (GDP) compliance standard across all of its stations in order to avoid the issue of operating with different procedures in each country.Speaking at the Air Cargo News Life Science and Pharmaceutical conference, Expeditors global director healthcare vertical Andrew Lester ...