• ITVI.USA
    15,621.050
    -98.140
    -0.6%
  • OTRI.USA
    22.670
    0.130
    0.6%
  • OTVI.USA
    15,626.480
    -100.680
    -0.6%
  • TLT.USA
    2.760
    0.020
    0.7%
  • TSTOPVRPM.LAXSEA
    3.800
    -0.060
    -1.6%
  • TSTOPVRPM.PHLCHI
    2.040
    -0.060
    -2.9%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.130
    -3.9%
  • TSTOPVRPM.DALLAX
    1.580
    -0.030
    -1.9%
  • TSTOPVRPM.CHIATL
    2.920
    -0.040
    -1.4%
  • TSTOPVRPM.ATLPHL
    3.450
    -0.070
    -2%
  • WAIT.USA
    127.000
    2.000
    1.6%
  • ITVI.USA
    15,621.050
    -98.140
    -0.6%
  • OTRI.USA
    22.670
    0.130
    0.6%
  • OTVI.USA
    15,626.480
    -100.680
    -0.6%
  • TLT.USA
    2.760
    0.020
    0.7%
  • TSTOPVRPM.LAXSEA
    3.800
    -0.060
    -1.6%
  • TSTOPVRPM.PHLCHI
    2.040
    -0.060
    -2.9%
  • TSTOPVRPM.LAXDAL
    3.210
    -0.130
    -3.9%
  • TSTOPVRPM.DALLAX
    1.580
    -0.030
    -1.9%
  • TSTOPVRPM.CHIATL
    2.920
    -0.040
    -1.4%
  • TSTOPVRPM.ATLPHL
    3.450
    -0.070
    -2%
  • WAIT.USA
    127.000
    2.000
    1.6%
American Shipper

EXPEDITORS INTERNATIONAL SEES IMPROVED EARNINGS

EXPEDITORS INTERNATIONAL SEES IMPROVED EARNINGS

   Expeditors International of Washington Inc., the Seattle-based logistics company, reported improved fourth-quarter and full-year net income.

   Fourth-quarter net income rose 5 percent to $27.1 million. Net revenues increased 1 percent to $155.3 million. Operating income was $40.7 million, up 4 percent, on revenue of $429.6 million, down 8 percent.

   For 2001, net income was $97.2 million, up 17 percent. Net revenues improved 11 percent to $606.5 million. Operating income rose 15 percent to $146.0 million on revenue of $1.65 billion, down 3 percent.

   'Based on our usual standards, many may be tempted to label our fourth quarter a disappointment,' said Peter J. Rose, chairman and chief executive officer. 'Within the context of world events and the global economy, we have to say au contraire.'

   Expeditors International provides a range of services, including air and ocean freight forwarding, customs clearance, marine insurance, distribution and international logistics services.

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