Expeditors? 1st quarter earnings increase 19%

ExpeditorsÆ 1st quarter earnings increase 19%    Expeditors International of Washington, Inc., a Seattle-based global logistics company, has announced net earnings of $37.7 million for the first quarter of 2005, up 19 percent from $31.8 million for the same quarter of 2004.
   Net revenues for the first quarter rose 14 percent to $230.7 million, compared to $202.5 million reported in the first quarter of 2004.
   'This quarter's net revenue growth, measured year-over-year, was pretty much uniform across all our products,' said Peter J. Rose, chairman and chief executive officer of Expeditors International.
   'We continue to strengthen our position in the People's Republic of China, something we think bodes well for the future,' he explained.
   'Given that we are completing our 25th full year, we are perhaps a little more reflective than usual. It wasn't too long ago, 1997 in fact, when we only did slightly more business for an entire year than we just did in what historically has been our weakest quarter of the year,' Rose said.