Expeditors International of Washington (EXPD) saw its stock surge 5.01% in pre-market trading on Tuesday, following the release of its impressive third-quarter earnings report. The global logistics company significantly outperformed analysts' expectations, demonstrating resilience in a challenging freight environment.

The company reported earnings per share (EPS) of $1.64 for Q3 2025, surpassing the FactSet consensus estimate of $1.41. This represents a slight increase from $1.63 in the same quarter last year. Revenue for the quarter came in at $2.9 billion, exceeding analysts' projections of $2.67 billion, despite a 4% year-over-year decline from $3 billion in Q3 2024. Expeditors' net income for the quarter stood at $222 million.

While facing headwinds in ocean freight with decreased container volumes and pricing volatility, Expeditors saw growth in its airfreight business. The company reported a 4% increase in airfreight tonnage, driven by exports from North and South Asia, as well as strategic verticals like technology and pharmaceuticals. Additionally, Expeditors highlighted its ongoing investments in productivity enhancements, including AI and technology solutions, which may have contributed to its strong performance. The company also returned value to shareholders, repurchasing $212 million in common stock during the quarter, with a total of $725 million returned via share repurchases and dividends year-to-date.