Report
Matthew Young, CFA
EUR 101.80 For Business Accounts Only

Global Trade Tailwinds Persist in Expeditors' Fourth Quarter

Wide-moat global forwarder Expeditors International posted 16% gross revenue growth (year over year) in the fourth quarter, which was slightly ahead of our expectations on continued strength in global airfreight markets and related increases in customs brokerage business. Solid pricing execution despite a volatile backdrop in terms of the interplay of buy-rates for capacity and sell-rates to shippers (due to tight airfreight capacity) pushed gross margins and total net revenue modestly above our...
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, CFA

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