Expeditors International
 | This article reads like a press release or a news article and may be largely based on routine coverage. (November 2025) |
 | |
Company type | Public |
|---|---|
| Industry | Logistics |
| Founded | 1979 |
| Headquarters | Bellevue, Washington, U.S. |
Key people | |
| Products | |
| Revenue |  US$8.1 billion[1] (2018) |
| US$796 million[1] (2018) | |
| US$818 million[1] (2018) | |
| Total assets | US$3.3 billion[1] (2018) |
| Total equity | US$1.99 billion[1] (2018) |
Number of employees | 19,588[2] (2021) |
| Website | expeditors |
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
[edit]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
[edit]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
[edit]
References
[edit]- ^ 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.
- ^ "Expeditors Intl. of Washington". Fortune. Archived from the original on 2020-07-31. Retrieved 2019-07-01.
- ^ "About Us". Expeditors. Retrieved 2024-10-29.
- ^ "Expeditors Announces Listing Transfer to New York Stock Exchange". Business Wire. 2023-11-09. Retrieved 2024-05-21.
- ^ a b "Expeditors Intl. of Washington | 2021 Fortune 500". Fortune. Retrieved 9 October 2021.
- ^ "SEC - FORM 8-K Report". sec.gov. October 22, 2002. Retrieved 2026-03-11.
- ^ Alan, Rushton; Walker, Steve (2007). International Logistics and Supply Chain Outsourcing: From Local to Global. Kogan Page. p. 181.
- ^ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
- ^ "Peter Rose to retire". International Transport Journal. 14 October 2013. Retrieved 7 January 2021.
- ^ "Expeditors 2003 Annual Report". Archived from the original on 2007-04-14. Retrieved 2007-10-27.
External links
[edit]- Official website
- Business data for Expeditors International of Washington, Inc.:
| International | |
|---|---|
| National | |
- 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)