SEATTLE (dpa-AFX) - Expeditors International of Washington, Inc. (EXPD)
reported that its fourth quarter net earnings to shareholders decreased 28% to
$159 million. Net earnings to shareholders per share decreased 21% to $1.09. On
average, 13 analysts polled by Thomson Reuters expected the company to report
profit per share of $1.23, for the quarter. Analysts' estimates typically
exclude special items.

Fourth quarter revenues decreased 34% to $2.3 billion. Analysts on average had
estimated $2.31 billion in revenue. Airfreight tonnage volume decreased 3% and
ocean container volume decreased 10%.

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