Expeditors International

Expeditors International of Washington, Inc.
Company typePublic
IndustryLogistics
Founded1979 (1979)
HeadquartersBellevue, Washington, U.S.
Key people
Products
RevenueUS$8.1 billion[1] (2018)
US$796 million[1] (2018)
US$818 million[1] (2018)
Total assetsUS$3.3 billion[1] (2018)
Total equityUS$1.99 billion[1] (2018)
Number of employees
19,588[2] (2021)
Websiteexpeditors.com

Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington.[3] Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.

As a service-based company, Expeditors does not own the aircraft, ships, or trucks used every day.

Financial information

Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD and were named to the NASDAQ-100 in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange NYSE, keeping the same symbol "EXPD".[4] During their first year as a public company, Expeditors reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors was #299 on the 2021 Fortune 500.[5] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[5]

The company became known for its unusually candid written responses to analyst questions in SEC Form 8-K filings.[6] Some commentators have suggested the filings were written personally by CEO Peter Rose,[7] as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website.[8] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.[9]

Compensation structure

Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report, "Each of the Company's branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive-based compensation calculated directly from the operating income of that branch. This compensation structure ensures that the allocation of revenue and expense among components of services [...] are done in an objective manner on a fair value basis."[10]

See also

References

  1. ^ a b c d e "US SEC: Form 10-K Expeditors International of Washington, Inc". United States Securities and Exchange Commission. Retrieved July 1, 2019.
  2. ^ "Expeditors Intl. of Washington". Fortune. Archived from the original on 2020-07-31. Retrieved 2019-07-01.
  3. ^ "About Us". Expeditors. Retrieved 2024-10-29.
  4. ^ "Expeditors Announces Listing Transfer to New York Stock Exchange". Business Wire. 2023-11-09. Retrieved 2024-05-21.
  5. ^ a b "Expeditors Intl. of Washington | 2021 Fortune 500". Fortune. Retrieved 9 October 2021.
  6. ^ "SEC - FORM 8-K Report". sec.gov. October 22, 2002. Retrieved 2026-03-11.
  7. ^ Alan, Rushton; Walker, Steve (2007). International Logistics and Supply Chain Outsourcing: From Local to Global. Kogan Page. p. 181.
  8. ^ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
  9. ^ "Peter Rose to retire". International Transport Journal. 14 October 2013. Retrieved 7 January 2021.
  10. ^ "Expeditors 2003 Annual Report". Archived from the original on 2007-04-14. Retrieved 2007-10-27.
  • Official website
  • Business data for Expeditors International of Washington, Inc.:

47°36′22″N 122°20′04″W / 47.606°N 122.334562°W / 47.606; -122.334562

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