Expeditors International sales soar 42pc to US$5.9 billion in 2010

EXPEDITORS International of Washington has posted 46 per cent increase in operating profit to $547 million in 2010, drawn on revenues US$5.9 billion, up 42 per cent year on year.


"This wasn't our first recession, it was merely our worst. We learned from experience that a recession is the least costly time to make investments," said CEO Peter Rose.


We have always thought that recessionary investments, particularly those in technology, productivity and process improvement, have higher rates of return, as the economy turns and indeed they did," said Mr Rose.
(Source:http://www.schednet.com)