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Expeditors International of Washington, Inc. (NYSE: EXPD) declared a semi-annual cash dividend of $0.73 per share, payable on June 17, 2024, to shareholders of record as of June 3, 2024. Expeditors is a global logistics company based in Seattle, offering a range of services worldwide.
Expeditors International of Washington, Inc. (NYSE: EXPD) reported a decrease in first-quarter 2024 financial results compared to the same period in 2023. Diluted Net Earnings per Share (EPS) dropped by 19% to $1.17, Net Earnings decreased by 25% to $169 million, Operating Income fell by 22% to $215 million, and Revenues declined by 15% to $2.2 billion. Despite challenges like global conflicts, inflation, and uncertain demand, the company saw an increase in airfreight tonnage volume by 4% and ocean container volume by 2%. Expeditors remains focused on efficiency and cost management to navigate the volatile industry landscape.