||The neutrality of this article is disputed. (May 2014)|
|Traded as||NASDAQ: EXPD
S&P 500 Component
|Headquarters||Seattle, Washington, US|
|Key people||Jeffrey S. Musser, Chairman & CEO
Jordan Gates, President & COO
|Products||Freight Forwarding Services
|Revenue||$6.1 billion USD (2011)|
|Operating income||$547 million USD (2010)|
|Net income||$344 million USD (2010)|
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 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, as well as its responses to questions submitted to the company, which are placed on Expeditors' Investor website. Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.
Expeditors International of Washington 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."