Expeditors International of Washington (commonly referred to as Expeditors) is an American worldwide logistics and freight forwarding company headquartered in Seattle, Washington.[3]
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| Company type | Public |
|---|---|
| NYSE: EXPD DJTA Component S&P 500 Component | |
| Industry | Logistics |
| Founded | 1979; 45 years ago (1979) |
| Headquarters | Seattle, Washington, US |
Key people |
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| Products |
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| 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 became a publicly traded company in 1984 with the listing of its sharesonNASDAQ under the ticker symbol EXPD (Nasdaq: 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]
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."
47°36′22″N 122°20′04″W / 47.606°N 122.334562°W / 47.606; -122.334562
