Expeditors International

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Expeditors International of Washington, Inc.
Public
Traded asNASDAQEXPD
DJTA Component
S&P 500 Component
IndustryLogistics
Founded1979
HeadquartersSeattle, Washington, US
Key people
Products
RevenueIncreaseUS$8.1 billion[1] (2018)
IncreaseUS$796 million[1] (2018)
IncreaseUS$818 million[1] (2018)
Total assetsIncreaseUS$3.3 billion[1] (2018)
Total equityIncreaseUS$1.99 billion[1] (2018)
Number of employees
17,400[2] (2017)
Websitewww.expeditors.com

Expeditors (Expeditors International of Washington) is an American worldwide logistics and freight forwarding company headquartered in Seattle, Washington.[3]

Financial information[edit]

Expeditors 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 #374 on the Fortune 500 ([https://fortune.com/fortune500/2019/expeditors-intl-of-washington/). Total revenues exceeded 8 billion ($8.138 billion) in 2018[4].

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.[5] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.

Compensation structure[edit]

Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[6] "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. ^ a b c d e "US SEC: Form 10-K Expeditors International of Washington, Inc". United States Securities and Exchange Commission. Retrieved July 1, 2019.
  2. ^ "Expeditors Intl. of Washington". Fortune. Retrieved 2019-07-01.
  3. ^ "Expeditors Office Information: Seattle, USA (CHQ)." Expeditors Retrieved on January 25, 2009.
  4. ^ https://fortune.com/fortune500/2019/expeditors-intl-of-washington/
  5. ^ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
  6. ^ "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