Earnings summaries and quarterly performance for EXPEDITORS INTERNATIONAL OF WASHINGTON.
Executive leadership at EXPEDITORS INTERNATIONAL OF WASHINGTON.
Board of directors at EXPEDITORS INTERNATIONAL OF WASHINGTON.
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Recent press releases and 8-K filings for EXPD.
Expeditors International details Q3 2025 operational update
EXPD
New Projects/Investments
- AI infrastructure has become a substantial part of Expeditors’ airfreight, customs brokerage, and Transcon businesses, driving revenue growth in Q3 2025.
- Removal of the U.S. de minimis exemption eased air capacity, contributing to modest declines in average sell and buy rates in Q3 2025.
- Customs brokerage revenues expanded on higher entry volumes, increased line items per entry, and price increases per entry, with significant billable work expected from post-entry filings.
- Since early 2024, global headcount has grown to support more complex shipments and entries, while elevated IT maintenance and consulting fees drove higher other expenses in Q3 2025.
Nov 14, 2025, 9:11 PM
Expeditors reports Q3 2025 results
EXPD
Earnings
Share Buyback
- EPS of $1.64, up 1% year-over-year, driven by stable earnings performance in a volatile freight market.
- Revenues of $2.895 billion, down 4%, and net earnings of $222 million, down 3%, reflecting lower ocean volumes and rate pressures.
- Operating income of $288 million, a 4% decline as ocean pricing volatility offset gains in customs brokerage and other services.
- Airfreight tonnage rose 4% while ocean container volume fell 3%, underscoring mixed demand trends across transport modes.
- Returned $212 million to shareholders in Q3 share repurchases, totaling $725 million in repurchases and dividends year-to-date.
Nov 4, 2025, 5:37 PM
Expeditors outlines major US trade and regulatory impacts on logistics operations
EXPD
- Section 232 steel & aluminum tariffs expanded to 753 HTS codes at 50%, effective Aug 15, complicating packaging imports and requiring detailed documentation
- Low-value and postal entry overhaul: All de minimis entries end Aug 29, requiring formal or informal entries (with bonds) and imposing postal fees of $80–$200 based on reciprocal tariff rates
- India tariffs: Reciprocal rate rises to 50% on Aug 27 (25% reciprocal + 25%), with a narrow transit-exception window to Sep 17 limiting relief
- Heightened CBP enforcement: $25.6 billion recovered via entry-summary reviews (FY Oct 2024–Jul 2025 vs. $0.667 billion prior) and over 4,000 bond insufficiency notices issued in 2025 to date
Aug 20, 2025, 7:10 PM
Expeditors details August 2025 US tariff actions
EXPD
Legal Proceedings
- Multiple IEPA tariffs took effect in early August: fentanyl duties on non-USMCA Canadian goods rose from 25% to 35% on Aug 1; 50% Section 232 copper duties on Canada, Brazil, South Korea and Germany began Aug 1; and a 40% IEPA surcharge on select Brazilian imports added Aug 6 (stacked with an existing 10% rate to total 50%), with in-transit exemptions for goods on the mother vessel before Aug 6 arriving by Oct 5.
- Reciprocal tariffs replace the 10% universal rate for 95 countries on Aug 7: deficit countries face new rates of 15–41%, surplus countries remain at 10%, and EU imports under 15% primary duty shift to a flat 15% all-in rate; China, Hong Kong and Macau remain paused until Aug 12.
- India tariffs under IEPA rise from 25% to 50% on Aug 27, with in-transit exemptions for goods loaded before 12:01 AM Aug 27 and entered by 12:01 AM Sept 17; de minimis entries (< $800) end for all countries on Aug 29.
- Ongoing investigations include Sec 232 reviews of pharmaceuticals and semiconductors, plus a Sec 301 probe of Brazil; Federal Circuit heard challenges to IEPA-based tariffs July 31 with a decision expected late August/early September, likely heading to the Supreme Court.
- Enforcement and compliance will hinge on “transshipment” rules targeting nonmarket-economy inputs (notably Chinese), subject to a 40% HTS 99 duty; importers must enhance value-chain mapping, audit HTS classifications and monitor bond coverage as complexities grow.
Aug 6, 2025, 8:10 PM
Expeditors provides global air freight market update
EXPD
- In H1 2025, global air capacity grew 4% YoY; Q2 freighter capacity fell 3% on Transpacific but rose 8% Asia→Europe and 22% Europe→Asia (Q2 25 vs Q2 24).
- Global air demand increased 6.6% in Q1 and around 6.1% in Q2, but is forecast to moderate to 3–4% for the rest of 2025.
- June 2025 freight rates declined YoY: Transpacific eastbound −30%, Asia→Europe −19%, Europe→US −14%.
- US de minimis removal (May 2) halved e-commerce freighter volumes, prompting ~21% capacity cuts on US trade and reallocations to Europe (+22%) and ASEAN (+50% via hub); Vietnam exports to the US grew 55% YTD.
- Rising cost pressures, tariff uncertainties and shifting trade agreements are reshaping global supply chains and air freight networks.
Jul 29, 2025, 6:51 PM
Expeditors Q1 2025 Financial Results & Semi-Annual Dividend Announcement
EXPD
Dividends
Earnings
Revenue Acceleration/Inflection
- EPS increased to $1.47 with a 26% YoY growth and net earnings of $204 million for Q1 2025.
- Revenues climbed 21% to $2.7 billion with operating income up 24% to $266 million, underscoring strong operational performance.
- In Q1 2025, airfreight tonnage increased by 9% and ocean container volume grew by 8%, despite market challenges.
- Expeditors International of Washington, Inc. declared a semi-annual cash dividend of $0.77 per share with a record date of June 2, 2025, and a payable date of June 16, 2025.
- Announcement made via an 8‑K filing and accompanying press release on May 6, 2025, highlighting the company’s commitment to shareholder value.
Expeditors Discusses Changes in Mexican Customs and Trade Environment
EXPD
- Reorganization of Mexican customs: The call detailed how Mexico is transitioning from a traditional customs framework under the IRS to a standalone, military-supported customs agency, impacting face-to-face interactions and operational processes.
- IMMEX and VAT certification challenges: The discussion highlighted cancellations of the IMMEX programs and changes in VAT certification requirements that could disrupt import flows and affect process efficiency.
- Tariff adjustments and uncertainty: The speaker explained recent changes in tariffs on steel, aluminum, vehicles, and auto parts, noting a potential reduction on certain duties if U.S. expectations are met, while emphasizing overall uncertainty amid geopolitical shifts.
- Long-term economic strategy in Mexico: The call referenced the draft "Plan Mexico" aimed at boosting domestic production, job creation, and regional development across key sectors like automotive, aerospace, semiconductors, and pharma, signaling potential future impacts for trade and logistics.
Apr 16, 2025, 5:01 PM
Expeditors Discusses New U.S. Tariff Measures and Global Trade Responses
EXPD
- The call detailed recent U.S. tariff actions including 25% tariffs on passenger vehicles and light trucks, upcoming auto parts tariffs, and updated guidance on aluminum tariffs.
- Executives explained reciprocal tariff implementations with rates ranging from 11% to 84% on imports from over 60 countries, notably affecting China.
- Global trade responses were reviewed with emphasis on negotiation efforts and countermeasures by Canada, the European Union, and China.
- Attendees were advised on operational measures including customs classification, compliance on HTS rules, and bond management amid evolving trade policies.
Apr 9, 2025, 5:01 PM
Expeditors outlines U.S. and global reciprocal tariff actions
EXPD
- U.S. sector tariffs: 25% duty on passenger vehicles and light trucks effective April 3, with exemptions for vehicles ≥25 years old and USMCA-qualifying content.
- Reciprocal tariffs: 10% universal levy from April 5, rising to country-specific rates of 11%–84% on 60+ nations as of April 9; China’s rate increased to 84%, yielding a combined 104% charge with prior IEPA tariffs.
- Global retaliation: Canada imposed a 25% surtax on U.S. vehicles (excluding Canadian/Mexican content); the EU plans $28 billion in phased tariffs from May 16; China matched U.S. duties at 84% on U.S. imports effective April 10.
- Ongoing uncertainty: A Truth Social post suggested raising China tariffs to 125% and pausing reciprocal duties for 90 days, but official executive orders or Federal Register notices are awaited.
Apr 9, 2025, 5:00 PM
Expeditors Details RPP Program & CARM Compliance Update
EXPD
- Expeditors hosted a conference call on April 03, 2025 focusing on the new RPP program under Canada’s CARM initiative, outlining the need for financial security posting to enable the release of goods before duty and tax payment.
- Speakers discussed key differences between cash security (requiring 100% of the highest monthly duty and tax accounts receivable) and written security agreements (requiring 50% with a minimum of $5,000), and noted the compliance deadline extension to May 20, 2025.
- The session included Q&A addressing practical compliance issues and clarifying that failing to meet the financial security requirements would result in importers having to pay applicable duties and taxes prior to goods release.
Apr 3, 2025, 6:01 PM
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