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Type | Public |
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Nasdaq: EXPD DJTA Component S&P 500 Component | |
Industry | Logistics |
Founded | 1979 |
Headquarters | Seattle, Washington, US |
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Products | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 19,588[2] (2021) |
Website | www |
Expeditors (Expeditors International of Washington) is an American worldwide logistics and freight forwarding company headquartered in Seattle, Washington.[3]
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 #299 on the Fortune 500.[4] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[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.[6]
Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[7] "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."