Expeditors International
 |
| Expeditors | |
| Company type | Public |
|---|---|
| Nasdaq: EXPD 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 |  $6.1 billion USD (2011) |
| $547 million USD (2010) | |
| $344 million USD (2010) | |
Number of employees | 13,000 (2010)[1] |
| Website | www |
Expeditors is a global logistics and freight forwarding company headquartered in Seattle, Washington.[2]
Financial information
Expeditors 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[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
Expeditors 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
References
- ^ "Expeditors 8-K Dated 27 February 2008" (PDF). Retrieved 2008-04-14.
- ^ "Expeditors Office Information: Seattle, USA (CHQ)." Expeditors Retrieved on January 25, 2009.
- ^ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Expeditors 2003 Annual Report". Retrieved 2007-10-27.