Despite the decline in forwarder market share, more than half of the top 25 non-vessel-operating common carriers (NVOs) in the eastbound trans-Pacific trade handled more volume in the first eight months of 2020, with six recording double-digit percentage increases.
Tuesday September 22, 2020
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Expeditors International of Washington
Expeditors International of Washington
Expeditors International is a provider of global logistics, transportation management and supply chain management services, based in Seattle, Washington, USA. Its various divisions, which operate in more than 100 countries, provide a broad range of services, including:
-- Supply chain design and optimization; order management; risk management and cargo management.
-- Transportation management for air cargo, ground, multimodal, and project cargo, and ocean shipments. A major Non-Vessel Operating Common Carrier (NVOCC), Expeditors International provides flexible and integrated ocean freight services.
-- Customs and compliance -- including Tradewin Trade Consulting, and Tradeflow Trade Management, an integrated suite of collaborative supply chain software.
-- Warehousing and distribution: order fulfillment, customer direct services, specialized programs and value-added services.
Webcasts
Sep 10, 2020 11:00AM EDT
Sep 17, 2020 11:00AM EDT
Oct 22, 2020 1:00PM EDT
21 Sep 2020
With cargo volumes and spot rates out of Asia surging as the United States and other countries begin to climb out of the COVID‑19 recession, US importers are increasingly turning to non-vessel-operating common carriers (NVOs) to secure capacity.
26 May 2020
Expeditors has acquired Fleet Logistics, pulling digital forwarding capabilities into the arsenal of the trans-Pacific’s largest non-vessel-operating common carrier.
31 Mar 2020
Slync has made quick progress in landing large forwarders as customers for its automation software, securing an $11 million funding round to fuel its growth despite COVID-19 making investors more conservative.
25 Sep 2019
Kuehne + Nagel handled the largest combined share of US imports from Asia of any non-vessel-operating common carrier in the first half of 2019, followed by Expeditors International and C.H. Robinson, according to PIERS.
05 Mar 2019
Container carrier executives tell TPM 2019 poor forecasting is an industry-wide problem, but solving it could greatly reduce overbooking and "no-show" cargo, benefiting shippers and carriers alike.
21 Feb 2019
CEO Ryan Petersen tells JOC.com Flexport will use the new funding to build out its physical infrastructure and scale up its engineering team, not for mergers and acquisitions.
22 Jan 2019
The year 2018 was a volatile, challenging year for shippers, and 2019 is showing few signs that it will be any different.
30 Jan 2018
San Francisco-based digital forwarder Flexport has entered a very competitive sector – one that’s highly fragmented and with low margins.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
02 May 2017
Ocean container volume increased 7 percent year-over-year in the first quarter.
24 Feb 2016
Expeditors International of Washington saw profit grow in the fourth quarter despite tough year-over-year comparisons and two global trade headwinds: weak air cargo and ocean freight.
04 Nov 2015
Revenues were down 3 percent to $1.7 billion and operating income was up 21 percent to $192 million year-over-year at Expeditors International of Washington in the third quarter.
06 Aug 2015
Expeditors International made more gains in air freight and ocean container volume in the second quarter, despite the fading impact of the West Coast port crisis, which gave trans-Pacific air cargo more lift. That helped the forwarder boost both net revenue and profit.
06 May 2015
Logistics service provider Expeditors International of Washington said its first quarter operating income jumped 25 percent, aided by higher airfreight volume from West Coast port congestion.
05 May 2015
There’s a silver lining in every sky-high stack of containers — if you’re an expedited trucking company. For carriers that move goods quickly by any and all means possible, the container logjam that built up during the West Coast port labor dispute was simply a bonanza.
26 Feb 2015
Freight forwarder Expeditors International saw air freight volume soar in the fourth quarter, reaching a 19 percent year-over-year increase in December, as shippers tried to fly over West Coast port gridlock.
25 Feb 2015
Kuehne+Nagel in 2014 became the largest non-vessel operating common carrier serving the overall U.S. import market, knocking longtime leader Expeditors International out of the top spot, according to PIERS, a sister product of JOC.com within IHS.
05 Nov 2014
Expeditors International of Washington, the largest non-vessel operating common carrier in the trans-Pacific eastbound market, will expand into the Asia-Europe market
08 May 2014
Profits in international forwarding are becoming increasingly squeezed as competitors drop prices to gain volumes and as underlying rates remain weak due to overcapacity and slowing growth in both ocean and air markets.
26 Feb 2014
More than half of Expeditors International of Washington’s revenue came from the Asia-Pacific region in 2013, which may be a good sign for the third-party logistics provider...
05 Nov 2013
Expeditors International of Washington reported its profit in the third quarter of 2013 was $92.4 million, improving 4.4 percent year-over-year from $88.5 million.
08 Oct 2013
Peter Rose, CEO of Expeditors International of Washington Inc. since 1988, will retire in March after 35 years with the company.
07 Aug 2013
Expeditors International of Washington reported its profit in the second quarter of 2013 was $92.32 million, up 10.0 percent from $83.96 million in the second quarter of 2012.
26 Feb 2013
Expeditors International of Washington today reported net earnings attributable to shareholders in the fourth quarter of 2012 was $84.21 million, falling 9 percent from $92.84 million in the fourth quarter of 2011.
04 Dec 2012
Continued strikes by the Office Clerical Unit of International Longshore and Warehouse Union Local 63 at the ports of Los Angeles and Long Beach could potentially benefit some companies...
06 Nov 2012
Seattle-based global logistics provider Expeditors International of Washington today reported profit in the third quarter was $88.49 million, a decrease of 17.0 percent compared with $106.6 million for the same quarter in 2011.
29 Aug 2012
The Seattle Port Commission has added its legal assessment to that of port staff in stating that Executive Director Tay Yoshitani did not violate the terms of his employment contract with the port whe
07 Aug 2012
Forwarder and logistics provider Expeditors International of Washington reported a 12 percent decline in second quarter net profit as air freight revenue fell 14.8 percent.
21 Feb 2012
Expeditors International of Washington said a weak peak season for imports pulled fourth quarter profit down 4 percent year-over-year to $92.8 million.
03 Nov 2011
Expeditors International of Washington improved net profit 11 percent in the third quarter to $106.6 million despite a 4 percent decline in gross revenue in a weakening freight shipping market.
02 Aug 2011
Expeditors International of Washington reported a record second quarter profit of $95 million on Tuesday, but the forwarder saw growth rates slow down sharply while ocean and air freight volume declin
12 Jul 2011
Switzerland-based Kuehne + Nagel was the largest international forwarder in 2010, handling of nearly a 10th of the world’s air and sea freight business by revenue, according to Transport Intelli
05 May 2011
Expeditors International of Washington saw net profit soar 49 percent in the first quarter to $91.2 million as the freight forwarder matched strong improvements in air and ocean shipping volume with s
22 Feb 2011
Expeditors International of Washington boosted its net profit 40 percent in the fourth quarter to $96.5 million, capping a strong recovery year that saw the forwarder improve its operating profit 42 p
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