Successful quarter at Expeditors boosted by hyperscaler business

All the key numbers at Expeditors International pointed upward in the third quarter at the logistics and freight forwarding company.

Revenue year-on-year was up 42%, to $4.1 billion at the asset-light customs broker and freight forwarder.

Despite the fact that the cost of transportation rose 49%, a faster rate than revenues, and salaries climbed 15%, operating income rose 55% to $445.4 million, up from $288 million a year ago.

According to SeekingAlpha, that EPS figure beat consensus estimates by 42 cts/share, while the revenue of $4.11 billion was higher than consensus estimates by $510 million.

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