Seattle, Washington-based Expeditors International of Washington, Inc. (EXPD) is a leading third-party logistics provider.

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Report data reveals a considerable year-over-year (YoY) increase in global average shipment duration, from 58 days in Q3 2023 to 68 days in Q3 2024.

Adjusted gross profits in the company's ocean freight business rose by 57.4% over a year, driven by a 47% increase in adjusted gross profit per shipment and a 7% increase in shipments, in general.