Expeditors International of Washington Inc. (EXPD) saw its shares plummet 5.52% during Tuesday's intraday trading session.
The logistics company reported fourth-quarter 2025 results that showed operating income fell 17% to $251 million on revenue of $2.9 billion, which declined 3% year-over-year. While airfreight tonnage increased 6%, margins declined due to lower per-kilo profitability. Ocean freight performance was particularly weak, with container volume falling 6% and average revenue-per-container plunging 41% compared to the same quarter last year.
Management noted that ocean rates may remain soft in fiscal 2026 as capacity is likely to increase further with vessels resuming Suez Canal transit. The company did announce a new $3 billion share repurchase program, but this positive development was overshadowed by the disappointing operational results.
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