Report
Matthew Young
EUR 98.48 For Business Accounts Only

Moaty global forwarders like Expeditors hold the most promise for market share gains.

In the fourth quarter, wide-moat global forwarder Expeditors International generated 3% gross-revenue growth, slightly ahead of our expectations. Air and ocean volume accelerated nicely on market share gains and underlying freight-demand improvement, likely including a stronger 2016 peak season and increased movement of high-tech goods, as reflected in solid global semiconductor shipment trends during the quarter. On the other hand, the interplay of buy-rates for capacity and sell-rates to custo...
Underlying
Expeditors International of Washington Inc.

Expeditors International of Washington provides global logistics services. As a third party logistics provider, the company purchases cargo space from carriers (such as airlines, ocean shipping lines, and trucking lines) on a volume basis and resells that space to its customers. The company provides a range of transportation services and customer solutions, such as customs brokerage, order management, transportation, warehousing and distribution, transit, cargo insurance, cargo monitoring and tracking, and other customized logistics and consulting solutions. The company's Project Cargo unit handles special project shipments that move via a single method or combination of air, ocean, and/or ground transportation.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Young

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