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The company is benefiting from an increase in airfreight revenues. Its Airfreight Services revenues increased 48% year over year in first-half of the 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 has a current ratio of 2.0 and a debt-to-equity ratio of 0.2. This indicates that it has more than enough liquidity to handle short-term obligations and that its debt level is manageable. These figures have led to a Quality Grade of B in our POWR Ratings system.
