Expeditors (Expeditors International of Washington) is an American worldwide

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

and

freight forwarding A freight forwarder, or forwarding agent, is a person or company who, for a fee organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution.

company headquartered in

Seattle, Washington Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in bo ...

Financial information

Expeditors became a publicly traded company in 1984 with the listing of its

shares In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ...

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

under the ticker symbol EXPD () and were named to the

NASDAQ-100 The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the in ...

in 2002. 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 is currently #299 on the

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

. Total revenues exceeded 10 billion ($10.116 billion) in 2021. They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by former CEO Peter Rose himself, as well as its responses to questions submitted to the company, which are placed on Expeditors' Investor website. Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.

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."

References

External links

* {{Coord, 47.606, -122.334562, display=t Companies based in Seattle Transport companies established in 1979 American companies established in 1979 Companies in the Dow Jones Transportation Average Companies listed on the Nasdaq Multinational companies headquartered in the United States Logistics companies of the United States 1979 establishments in Washington (state) 1980s initial public offerings Transportation companies based in Washington (state) Customs brokers

Financial information

Compensation structure

See also

References

External links