Expeditors International

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Expeditors International of Washington, Inc.
Public
Traded as NASDAQEXPD
NASDAQ-100 Component
Dow Jones Transportation Average Component
S&P 500 Component
Industry Logistics
Founded 1979
Headquarters Seattle, Washington, US
Key people
Jeffrey S. Musser, Chairman & CEO
Jordan Gates, President & COO
Products Freight Forwarding Services
Customs Brokerage
Revenue Increase$6.1 billion USD (2011)
Increase$547 million USD (2010)
Increase$344 million USD (2010)
Number of employees
13,000 (2010)[1]
Slogan You'd be surprised how far we'll go for you.
Website www.expeditors.com

Expeditors International of Washington, Inc. is a global logistics and freight forwarding company headquartered in Seattle, Washington.[2]

Financial Information[edit]

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 (NASDAQEXPD) and were named to the NASDAQ-100 in 2002. 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 #428 on the Fortune 500 (2013). Total revenues exceeded five billion ($5.967 billion) in 2010.

They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by CEO Peter Rose himself[citation needed], as well as its responses to questions submitted to the company, which are placed on Expeditors' Investor website.[3] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.

Compensation structure[edit]

Expeditors International of Washington maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[4] "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."

See also[edit]

References[edit]

  1. ^ "Expeditors 8-K Dated 27 February 2008" (PDF). Retrieved 2008-04-14. 
  2. ^ "Expeditors Office Information: Seattle, USA (CHQ)." Expeditors International of Washington, Inc. Retrieved on January 25, 2009.
  3. ^ "Public Disclosure". Expeditors International of Washington, Inc. Archived from the original on August 30, 2011. Retrieved August 24, 2014. 
  4. ^ "Expeditors 2003 Annual Report". Retrieved 2007-10-27. 

External links[edit]


Coordinates: 47°36′22″N 122°20′04″W / 47.606°N 122.334562°W / 47.606; -122.334562