Expeditors: Air freight customers shipping less

3PLs

Friday, April 20, 2012

Expeditors International of Washington cautioned investors that its first quarter results may miss estimates by Wall Street analysts. "Our preliminary data seems to reveal a trend where existing customers, particularly air freight customers, are shipping at lower volumes than we experienced during the 2011 first quarter," said Peter J. Rose, chairman and chief executive officer. He said Expeditors "has been very cautionary in its past two earnings releas...

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