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Updated:
11/3/2009 11:00:00 AM
Expeditors’ Third-Quarter Income Falls 33%
Logistics firm Expeditors International of Washington said Tuesday its third-quarter net income fell 33% to $57.8 million, or 27 cents a share, from $85.6 million, or 39 cents, a year ago.
Revenue fell to $1.04 billion from $1.56 billion a year ago, the company said in a statement. Net revenue fell 19% to $346.5 million.
Seattle-based Expeditors International of Washington is ranked No. 19 on the Transport Topics Logistics 50 listing of North American logistics companies.
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