Volume weakness at Expeditors continues, but rate of decline slows

Capt. John

Expeditors International’s slide in volume continued in the fourth quarter but showed improvement by the end of the period.

Expeditors (NYSE: EXPD) does not disclose actual volumes in its quarterly earnings report. But the air- and ocean-focused brokerage and forwarder does provide volume changes from the year-ago period.

In North America, airfreight as measured in kilograms was down 6% in October and November 2023 but was up 3% in December. Ocean freight measured in forty-foot equivalent units...

https://www.freightwaves.com/news/volume-weakness-at-expeditors-continues-but-rate-of-decline-slows

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