Expeditors 8-K Report

Expeditors International (EXPD) just released its latest 8-K report. The company uses these reports to answer questions from analysts and investors. They’ve also become popular on Wall Street due to their sarcastic and irreverent tone.
I’m afraid that this most recent 8-K is somewhat subdued. Perhaps it’s a new image. Anyway, Expeditor’s management provides a good deal of information. Here’s a sample:

Can you provide an update on year-over-year airfreight and ocean freight volume growth as well as gross yield trends during December 2005 and into the seasonally slow beginning of the new year?
On a year-over-year basis, ocean freight container counts were up nearly 15% in December 2005 while airfreight tonnages were up 21% over the amount recorded in December 2004.
The very beginning of a year is not axiomatically slow and to automatically assume that this will be true, and to make statements to that effect in asking about January 2006 perpetuates a great solecism.

A great solecism? You can read the entire report here.

Posted by on February 1st, 2006 at 7:16 am


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