Expeditors Q2: air tonnage up 13-15%, ocean stabilizes, tech restructuring $25M charge

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

2026-Q2 EPS reported $3.74 vs consensus $1.72 ▲ beat (+117.4%)

Airfreight tonnage growth accelerated from +13% in April to +15% in June, driven by AI/tech demand and Middle East disruption.
Ocean volumes rose 7% sequentially, first increase since Q3 2025; market showing stabilization signs.
Global Technology restructuring cost $25M in Q2, expected to save ~$50M annually; first layoffs in company history.
Operating efficiency improved to 32.2% in Q2 despite restructuring charge; AI hyperscaler demand strong, no slowdown seen.
No formal guidance; expects air rates to normalize but AI demand may be structural, with comparables easing in Q3/Q4.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.