| Type | Public |
|---|---|
| Traded as | NASDAQ: EXPD S&P 500 Component |
| Industry | Global Logistics Services |
| Founded | 1979 |
| Headquarters | Seattle, Washington, U.S. |
| Key people | Peter Rose, Chairman & CEO Jordan Gates, President & COO |
| Products | Freight Forwarding Services Customs Brokerage |
| Revenue | $5.9 billion USD (2010) |
| Operating income | $547 million USD (2010) |
| Net income | $344 million USD (2010) |
| Employees | 13,000 (2010)[1] |
| Website | www.expeditors.com |
Expeditors International of Washington, Inc. (NASDAQ: EXPD) is a global logistics and freight forwarding company headquartered in Seattle, Washington.[2]
The company employs over 12,900 trained professionals in 250 locations across six continents. Expeditors works in international trade through a seamless, worldwide network of integrated information systems. Services include air and ocean freight forwarding, vendor consolidation, customs clearance, insurance, distribution and other value added logistics services.
Expeditors prides themselves on being a solutions-based organization and takes time to understand each customer's individual business needs. As a non-asset based organization, this allows considerable flexibility when managing customers' supply chains. Expeditors' relationships with local suppliers and global air and ocean partners allow the company to provide customers with the best routing and pricing options. Their comprehensive, flexible spectrum of services is supported by leading-edge information technology that provides a high level of visibility from end to end.
Expeditors has regional headquarters located in London, São Paulo, Beirut and Shanghai.
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Expeditors International of Washington, Inc. became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD (NASDAQ: EXPD) and were named to the NASDAQ-100 in 2002. During their first year as a public company, Expeditors International reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors is currently #384 on the Fortune 500 (2011). Total revenues exceeded five billion ($5.967 billion) in 2010.
The company CEO is Peter Rose, no relation to the baseball player of the same name.
They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by Peter Rose himself, as well as its responses to questions submitted to the company, which are placed on Expeditors' Investor website.
Expeditors International of Washington maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[3] "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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