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Expeditors posts upbeat results on higher freight volumes, customs fees
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Expeditors posts upbeat results on higher freight volumes, customs fees
Aug 5, 2025 6:49 AM

Aug 5 (Reuters) - Global freight forwarder Expeditors

International of Washington ( EXPD ) reported second-quarter

profit and revenue above Wall Street estimates on Tuesday,

helped by higher airfreight and ocean container volumes and

bigger custom fees.

Airfreight tonnage and ocean container volume increased 7%

each year-over-year for the quarter ended June 30, as companies

rushed to import before new U.S. tariffs kick in.

The company also benefited as increasingly complex trade

policies allowed it to charge shippers higher processing fees.

U.S. importers have increasingly turned to customs

brokers to keep up with President Donald Trump's ever-changing

trade policies. But the booming demand has made these services

more expensive, industry players previously told Reuters.

Revenue from Expeditors' customs brokerage segment rose

10.5% to $1.02 billion, up from $927 million a year earlier.

"Airfreight business increased on growth in tonnage and

higher rates in most regions, and particularly as customers

sought to ship technology and other high-value inventory ahead

of trade deadlines," CEO Daniel Wall said.

"Ocean business also grew largely on increased volumes,

particularly exports out of South Asia, as customers relocated

sourcing to that region and moved freight in advance of extended

tariff deadlines," he added.

The Bellevue, Washington-based company reported quarterly

revenue of $2.65 billion, beating analysts' estimate of $2.44

billion, according to data compiled by LSEG.

Its second-quarter profit of $1.34 per share was also above

estimates of $1.24 per share.

Still, the company expects freight market conditions to

remain volatile through the rest of the year.

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