Expeditors International
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Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington.[1] Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.
As a service-based company, Expeditors doesn't own the aircraft, ships, or trucks used every day. This means Expeditors can be highly flexible in their approach to supply chain management, and very effective at finding the best route and pricing options.
Financial information
Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol 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".[2] 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.[3] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[3]
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 himselfScript error: No such module "Unsubst"., as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website.[4] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.[5]
Compensation structure
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
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References
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External links
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- Business data for Expeditors International of Washington, Inc.: Template:Hlist
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- 1979 establishments in Washington (state)
- 1980s initial public offerings
- American companies established in 1979
- Companies based in Seattle
- Companies formerly listed on the Nasdaq
- Companies in the Dow Jones Transportation Average
- Companies in the S&P 500 Dividend Aristocrats
- Companies listed on the New York Stock Exchange
- Customs brokers
- Logistics companies of the United States
- Multinational companies headquartered in the United States
- Transport companies established in 1979
- Transportation companies based in Washington (state)