Expeditors International
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| 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]
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[edit] Financial Information
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.
[edit] Unique Compensation Structure
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."
[edit] See also
[edit] References
- ^ "Expeditors 8-K Dated 27 February 2008". http://investor.expeditors.com/fd/8-k_02-27-08.pdf. Retrieved 2008-04-14.
- ^ "Expeditors Office Information: Seattle, USA (CHQ)." Expeditors International of Washington, Inc. Retrieved on January 25, 2009.
- ^ "Expeditors 2003 Annual Report". http://www.investor.expeditors.com/ar/ar2003/financials/note1.htm. Retrieved 2007-10-27.
[edit] External links
- Expeditors website
- Investor website
- Tradeflow website
- Tradewin website
- exp.o
- Yahoo! Company Profile
- Securities & Exchange Committee Filings (EDGAR database)
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