The earnings of Expeditors International were a perfect summation of the state of international freight in the second quarter: Whether it was on the water or in the air, the numbers were less than a year ago — by a large margin.
And while Expeditors does not disclose enough granular tonnage data to make a sequential comparison between the first and second quarters, most data points that can be compared also were down from the first three months of the year.
Expeditors (NASDAQ: EXPD), which does...
https://www.freightwaves.com/news/expeditors-down-across-the-board-amid-weaker-air-and-ocean-markets