Expeditors International: Economics Support Long-Term Buy
Expeditors International of Washington(EXPD) Seeking Alpha·2024-06-22 06:03
HT T 100 - 100 1 i T 1 Global freight rates continue to incur volatility and have stretched back towards 2022 highs. The containerized freight index shown in Figure 1, has lifted to 3,379 points from a range of 1,000 leading into the year. The last time this occurred in 2022, those in the air freight and marine logistics industries saw tremendous repricing And managed to return mouthwatering sons of capital to their shareholders by way of dividends and buyback. This is a highly competitive industry where ev ...