Expeditors reports smaller profit

Industries

Tuesday, November 06, 2012

Expeditors International of Washington said it had a profit attributable to shareholders of $88.5 million for the third quarter of 2012, compared with $106.6 million for the same quarter last year, a decrease of 17 percent. Net revenue for the third quarter of 2012 was $465 million, 6 percent less than the $494 million reported in the third quarter of 2011. "During our 30+ year operating history, we have never had the kinds of convergence of industry challenges, in bot...

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