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Is Expeditors International Headed for a Breakdown? By StockNews

by Mike Robinson

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© Reuters. Is Expeditors International headed for a breakdown?

The chart for Expeditors international of Washington (NASDAQ) shows a level of support. A stock that falls below this level will cause a collapse. You can learn more about how to make a profit on this trade. Expeditors International of Washington (EXPD), a non-asset-based, third-party logistic provider, specializes in international freight forwarding. To move freight around the world, it uses sophisticated IT systems as well as contracts with steamship and airline carriers.

An increase in airline freight revenues is a benefit to the company. In the first half, its Airfreight Services revenues grew 48% over last year. The firm’s acquisition of Fleet Logistics’ Digital Platform also bodes well as it has boosted the company’s online LTL shipping platform, Koho.

EXPD currently has a ratio of 2.0, and a ratio of debt to equity of 0.2. It has sufficient liquidity to meet short-term obligations, and its debt levels are manageable. This has resulted in a quality grade of B for our POWR Ratings.

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