Expeditors International of Washington Inc. (EXPD) on Tuesday said its board has authorized a new share repurchase program of up to $3 billion of the company's common stock.
The authorization will take effect after the expiration of the company's current buyback program, which allows repurchases down to 130 million outstanding shares and was approved in February 2024.
The logistics company said its capital deployment strategy prioritizes investment in organic growth initiatives, but strong operating cash flow and a capital-efficient business model are expected to generate significant excess cash.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.