The quarterly earnings statement of Expeditors International is straightforward about the squeeze in the supply chain and the fact that it isn’t ending anytime soon.
“Currently, we do not foresee any meaningful improvements to the operating environment over at least the remainder of the year, as the global infrastructure for moving freight seems nearly stretched to its limit,” Jeffrey Musser, president and CEO of Expeditors (NASDAQ: EXPD), said in the statement announcing the company’s...
https://www.freightwaves.com/news/amid-air-and-ocean-freight-boom-expeditors-sees-no-capacity-relief