Expeditors International

Last updated
Expeditors International of Washington, Inc.
Company type Public
NYSE:  EXPD
DJTA Component
S&P 500 Component
Industry Logistics
Founded1979;45 years ago (1979)
Headquarters Bellevue, Washington, US
Key people
Products
RevenueIncrease2.svgUS$8.1 billion [1]  (2018)
Increase2.svgUS$796 million [1]  (2018)
Increase2.svgUS$818 million [1]  (2018)
Total assets Increase2.svgUS$3.3 billion [1]  (2018)
Total equity Increase2.svgUS$1.99 billion [1]  (2018)
Number of employees
19,588 [2]  (2021)
Website expeditors.com

Expeditors International of Washington (commonly referred to as Expeditors) is an American worldwide logistics and freight forwarding company headquartered in Seattle, Washington. [3]

Contents

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 is currently #299 on the Fortune 500. [5] Total revenues exceeded 10 billion ($10.116 billion) in 2021. [5]

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[ citation needed ], as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website. [6] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015. [7]

Compensation structure

Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report, [8] "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."

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References

  1. 1 2 3 4 5 "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. ↑ "Expeditors Office Information: Seattle, USA (CHQ) Archived 2009-06-23 at the Wayback Machine ." Expeditors Retrieved on January 25, 2009.
  4. ↑ "Expeditors Announces Listing Transfer to New York Stock Exchange". Business Wire. 2023-11-09. Retrieved 2024-05-21.
  5. 1 2 "Expeditors Intl. of Washington | 2021 Fortune 500". Fortune. Retrieved 9 October 2021.
  6. ↑ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
  7. ↑ "Peter Rose to retire". International Transport Journal. 14 October 2013. Retrieved 7 January 2021.
  8. ↑ "Expeditors 2003 Annual Report". Archived from the original on 2007-04-14. Retrieved 2007-10-27.

47°36′22″N122°20′04″W / 47.606°N 122.334562°W / 47.606; -122.334562

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