Expeditors Releases 2Q Earnings Guidance

Logistics firm Expeditors International of Washington said Monday its second-quarter earnings will likely be 24 cents to 26 cents per share, down from 32 cents a year ago.

The forecast level is also short of current consensus expectation of 30 cents per share, Expeditors said in a statement.

“While we did observe some quarter-end strength during the month of June, volumes were still below” a year ago, Chairman and Chief Executive Officer Peter Rose said.

The company will release its second-quarter earnings statement before the market opens in Aug. 4.

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