Expeditors’ 4Q Income Improves

Logistics firm Expeditors International of Washington said its fourth-quarter net income rose 11% to $77.7 million, or 36 cents a share, from $70.1 million, or 32 cents, a year ago.

Revenue fell to $1.31 billion, from $1.45 billion, the company said Tuesday.

For the full year 2008, the company’s net income rose 12% to $301 million, or $1.37 a share, from $269.2 million, or $1.21 a share, the previous year.

Revenue increased to $5.6 billion in 2008, from $5.2 billion in 2007.

Seattle-based Expeditors International of Washington is ranked No. 18 on the Transport Topics Logistics 50 listing of North American logistics companies.