Expeditors (Expeditors International of Washington) is an American worldwide
logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
and
freight forwarding
A freight forwarder, or forwarding agent, is a person or company who, for a fee organizes shipments for individuals or corporations to get goods from the manufacturer or producer to a market, customer or final point of distribution. company headquartered in
Seattle, Washington
Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest region ...
.
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
The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the in ...
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 #299 on the
Fortune 500.
Total revenues exceeded 10 billion ($10.116 billion) in 2021.
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, 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.
Compensation structure
Expeditors 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."
See also
*
Globalization
Globalization, or globalisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences), is the process of foreign relation ...
*
World economy
References
External links
*
{{Coord, 47.606, -122.334562, display=t
Companies based in Seattle
Transport companies established in 1979
American companies established in 1979
Companies in the Dow Jones Transportation Average
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