Expeditors reports 51% increase in Q2 EPS to $2.03

Expeditors International reported second-quarter 2026 revenue of $3.50 billion, up 32% from a year earlier, while net earnings rose 45% to $266 million and diluted EPS increased 51% to $2.03 for the quarter ended June 30. Airfreight tonnage grew 14%, ocean container volume was flat, and customs and other services posted double-digit revenue growth. Results included a $25 million pretax Global Technology restructuring charge and a $16 million property-sale gain; the company said the restructuring is expected to reduce annual costs by about $50 million, while it returned $461 million to shareholders through dividends and share repurchases during the quarter.