Expeditors is soaring on air freight, with volume up 14% quarter-over-quarter and hitting 15% by June — fueled by cargo shortages from Middle East flight cuts and tech giants’ demand for dedicated freighters. Ocean freight’s flat but gaining momentum, while revenue surged 32% to $3.5 billion, operating income jumped 41%, and net income per share skyrocketed — all thanks to operational excellence and strategic market capture. Profitability per container climbed on ocean routes, and customs services are booming amid tariff chaos, proving efficiency keeps them profitable even as costs rise.
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