Expeditors names David A. Hackett as CFO

Expeditors names David A. Hackett as CFO

Expeditors International of Washington Inc. (EXPD) has appointed David A. Hackett as its new Chief Financial Officer (CFO), effective July 2, 2025. This move comes amidst the company's robust financial performance in the second quarter of 2025, with earnings per share (EPS) increasing by 7.2% year-over-year (YoY) to $1.34 [1].

The appointment of Hackett, a seasoned financial executive with over two decades of experience, aims to strengthen Expeditors' financial leadership. Hackett brings extensive experience in corporate finance, strategic planning, and mergers and acquisitions. Prior to joining Expeditors, he served as the CFO of a leading logistics and transportation company, where he played a pivotal role in driving financial growth and operational efficiency.

Expeditors' Q2 2025 financial results underscore the company's resilience and adaptability in the evolving global logistics landscape. Revenue surged by 12% YoY to $4.4 billion, driven by strong growth in both airfreight and ocean freight volumes. Airfreight volume rose by 16% YoY, while ocean volume increased by 7% YoY. Despite the increase in volumes, airfreight revenue per weight decreased by 1% YoY, and ocean revenue per container decreased by 2% YoY, reflecting the company's efforts to manage costs and optimize revenue streams [1].

The appointment of David A. Hackett as CFO is expected to further bolster Expeditors' financial performance and strategic initiatives. His appointment coincides with the company's ongoing focus on digital transformation and the integration of advanced technologies to enhance operational efficiency and customer satisfaction.

References:
[1] https://www.ainvest.com/news/expeditors-q2-eps-1-34-yoy-growth-36-2508/
[2] https://finance.yahoo.com/sectors/industrials/integrated-freight-logistics/