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Expeditors airfreight revenue falls 51% YoY 

Tough quarter as airfreight tonnage was down 14% 

Yael KatzwerbyYael Katzwer
November 7, 2023
in Freight Forwarders
Reading Time: 4 mins read
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Expeditors revenue in the third quarter of 2023 fell 50% year over year to $2.2 billion. Airfreight revenue in Q3 fell 51.1% YoY to $724.3 million.  THE BIG PICTURE: Like others in the air cargo industry, Expeditors was hampered in Q3 by high capacity and low demand, which drove down rates.  “As expected, the deceleration […]

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