Expeditors International
 | |
| Company type | Public |
|---|---|
| NYSE: EXPD DJTA Component S&P 500 Component | |
| Industry | Logistics |
| Founded | 1979 |
| Headquarters | Bellevue, Washington, US |
Key people | |
| Products | |
| Revenue |  US$8.1 billion[1] (2018) |
| US$796 million[1] (2018) | |
| US$818 million[1] (2018) | |
| Total assets | US$3.3 billion[1] (2018) |
| Total equity | US$1.99 billion[1] (2018) |
Number of employees | 19,588[2] (2021) |
| Website | expeditors |
Expeditors International of Washington (commonly referred to as Expeditors) 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 (Nasdaq: EXPD) and were named to the NASDAQ-100 in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange NYSE, keeping the same symbol "EXPD".[4] 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 #299 on the Fortune 500.[5] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[5]
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.[6] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.[7]
Compensation structure
[edit]Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[8] "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]- ^ 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.
- ^ "Expeditors Intl. of Washington". Fortune. Archived from the original on 2020-07-31. Retrieved 2019-07-01.
- ^ "Expeditors Office Information: Seattle, USA (CHQ) Archived 2009-06-23 at the Wayback Machine." Expeditors Retrieved on January 25, 2009.
- ^ "Expeditors Announces Listing Transfer to New York Stock Exchange". Business Wire. 2023-11-09. Retrieved 2024-05-21.
- ^ a b "Expeditors Intl. of Washington | 2021 Fortune 500". Fortune. Retrieved 9 October 2021.
- ^ "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
- ^ "Peter Rose to retire". International Transport Journal. 14 October 2013. Retrieved 7 January 2021.
- ^ "Expeditors 2003 Annual Report". Archived from the original on 2007-04-14. Retrieved 2007-10-27.
External links
[edit]- Official website
- Business data for Expeditors International:
| International | |
|---|---|
| National | |
- Companies based in Seattle
- Transport companies established in 1979
- American companies established in 1979
- Companies in the Dow Jones Transportation Average
- Companies in the S&P 500 Dividend Aristocrats
- Companies listed on the Nasdaq
- Multinational companies headquartered in the United States
- Logistics companies of the United States
- 1979 establishments in Washington (state)
- 1980s initial public offerings
- Transportation companies based in Washington (state)
- Customs brokers