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Fly News Breaks for February 10, 2016
EXPD
Feb 10, 2016 | 09:52 EDT
Cleveland Research analyst Bryan Merolla said demand trends for both the ocean and airfreight markets remain sluggish and the outlook for 2016 looks lower due to surplus capacity. The analyst is maintaining Expeditors' Q4 gross revenues down 7.3% year-over-year, versus consensus of down 3.5%, due to lower organic demand growth and rates.
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