May. 6 at 2:23 PM
$EXPD Speculation regarding additional tariffs may cause more customers to pause or cancel shipments entirely,” Wall said. “While carriers have shown a willingness to manage capacity, the current environment is so unsettled that they simply may not be able to do enough to keep rates from continuing to fall if consumer resilience fades and the capacity/demand imbalance becomes significant in certain lanes.”
The company’s first-quarter adjusted profit of
$1.47 a share beat the FactSet consensus estimate of
$1.37 a share. First-quarter revenue rose to
$2.67 billion from
$2.21 billion in the year-ago quarter, and came in well ahead of the analyst estimate of
$2.55 billion.
The company said it performed well in the first quarter, with 9% tonnage growth in air freight and an 8% increase in ocean volume tonnage.
