Expeditors is a rare logistics “dividend aristocrat,” with dividend increases of 25 years or more. It is keeping that intact in 2021.
Importers and exporters can expect shipping delays and skyrocketing transportation budgets associated with the logistics challenges in China associated with the coronavirus in China. But there are steps companies can take to minimize the damage to customers and their bottom lines.
Jordan Alliger rated UPS, FedEx, and J.B. Hunt ‘Buy’; XPO and C.H. Robinson ‘Neutral’; and Expeditors ‘Sell.’
A solid quarter, year despite decelerating sequential net revenue.
Expeditors navigates around pricing pressure to post solid Q3 results.
Goldman Sachs issued a report last week highlighting the risks to incumbent brokerages’ margins and market shares, with useful information about the brokerage landscape and recent developments in VC funding that have powered new entrants.
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
A staid and technology-averse industry is in the process of changing thanks to new entrants.
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
The cost of acquiring transportation stayed below new revenues in serving customers.
Executives at V3 Transportation, one of the nation’s largest expeditor fleets, spoke to me about how the ELD mandate will change their segment of the industry.
