Expeditors posts strong results on higher freight volumes, customs fees

"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.