Expeditors International

Expeditors returned to growth in Q1 2026 with revenue up 4% to $2.8 billion and EPS surging 16% to $1.71, driven by strong margin improvement as the company's diversification strategy delivered double-digit growth across customs, Transcon, distribution, and order management. While ocean revenues continued to decline on persistent overcapacity and lower per-container profitability, the non-asset-based model proved resilient as airfreight margins improved sequentially on better rate stability. Middle East conflict created significant disruption in March 2026, but the company adapted quickly with solutions to keep freight moving around impacted areas.