Expeditors Reports Strong Air Freight Performance Amid Weak Ocean Freight in Q1
Expeditors International (NYSE: EXPD) reported strong air freight growth of 5% year-over-year for the first quarter, driven by higher rates and stable pricing. In contrast, ocean freight volume declined by 4%, impacted by global capacity imbalances and lower profitability.
Tickers: $EXPD
Topics: air freight logistics ocean freight revenue performance