Expeditors sees more air cargo but less tonnage

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Monday, May 07, 2012

Expeditors International of Washington last week reported a profit of $76.7 million for the first quarter of 2012, 16 percent less than the $91.2 million earned in the first quarter of 2011. Revenues for the first quarter of 2012 were $1.41 billion, 3 percent less than the $1.46 billion recorded in the first quarter of 2011. The company warned shareholders earlier that earnings would be lower. “Our public comments on the state of ...

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