Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

service-based

logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...

company with headquarters in

Bellevue, Washington Bellevue ( ) is a city in the Eastside (King County, Washington), Eastside region of King County, Washington, United States, located across Lake Washington from Seattle. It is the third-largest city in the Seattle metropolitan area, and the f ...

. Expeditors generates highly optimized and customized

supply chain A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain management deals with the flow of goods in distri ...

solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+

countries A country is a distinct part of the Earth, world, such as a state (polity), state, nation, or other polity, political entity. When referring to a specific polity, the term "country" may refer to a sovereign state, List of states with limited r ...

on six continents. As a service-based company, Expeditors doesn't own the

aircraft An aircraft ( aircraft) is a vehicle that is able to flight, fly by gaining support from the Atmosphere of Earth, air. It counters the force of gravity by using either Buoyancy, static lift or the Lift (force), dynamic lift of an airfoil, or, i ...

ships A ship is a large vessel that travels the world's oceans and other navigable waterways, carrying cargo or passengers, or in support of specialized missions, such as defense, research and fishing. Ships are generally distinguished from boats, ...

, or

trucks A truck or lorry is a motor vehicle designed to transport freight, carry specialized payloads, or perform other utilitarian work. Trucks vary greatly in size, power, and configuration, but the vast majority feature body-on-frame construction ...

used every day. This means Expeditors can be highly flexible in their approach to supply chain management, and very effective at finding the best route and pricing options.

Financial information

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

shares In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Sha ...

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

under the ticker symbol EXPD and were named to the

NASDAQ-100 The Nasdaq-100 (NDX) is a stock market index made up of 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 inde ...

in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

, keeping the same symbol "EXPD". 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

. 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

* {{DEFAULTSORT:Expeditors International 1979 establishments in Washington (state) 1980s initial public offerings American companies established in 1979 Companies based in Seattle Companies formerly listed on the Nasdaq Companies in the Dow Jones Transportation Average Companies in the S&P 500 Dividend Aristocrats Companies listed on the New York Stock Exchange Customs brokers Logistics companies of the United States Multinational companies headquartered in the United States Transport companies established in 1979 Transportation companies based in Washington (state)

Financial information

Compensation structure

See also

References

External links