Expeditors International
| Company type | Public |
|---|---|
| Industry | Logistics |
| Headquarters | Bellevue , United States |
Area served | Worldwide (over 100 nations across six continents) |
Key people | Peter Rose (former CEO and Chairman) |
| Products | Supply chain services |
| Website | www |
Expeditors International of Washington, Inc. (widely known as Expeditors) is a U.S.-based Fortune 500 logistics firm headquartered in Bellevue, Washington. It offers tailored and highly efficient supply chain services through an integrated technology platform that connects a worldwide network of more than 340 offices spanning over 100 nations across six continents.
Operating as a service organization, Expeditors does not possess the aircraft, vessels, or vehicles utilized daily, which allows for adaptable supply chain oversight and effective optimization of routes and pricing.
Financial information
Expeditors made its initial public offering on the NASDAQ in 1984 under the ticker EXPD and became part of the NASDAQ-100 index in 2002. In November 2023, the company shifted its stock listing to the New York Stock Exchange (NYSE) while maintaining the "EXPD" ticker.[1] During its debut year as a public company, it recorded gross revenues surpassing $50 million alongside net profits of $2.1 million. Presently ranked #299 on the Fortune 500, Expeditors reported revenue exceeding $10.1 billion in 2021.[2]
The firm is recognized within financial communities for its unique SEC filings, which were reportedly crafted by former CEO Peter Rose, as well as for its transparent investor relations communications available on its website.Cite error: The opening <ref> tag is malformed or has a bad name Rose stepped down as CEO in March 2014 and relinquished his role as Chairman in May 2015.Cite error: The opening <ref> tag is malformed or has a bad name
Compensation structure
Expeditors utilizes a distinctive remuneration framework uncommon in the logistics industry. According to their 2003 annual report, each office functions as an autonomous profit center, with branch leadership primarily rewarded based on incentives linked to that office's operating income. This system encourages equitable and objective distribution of revenues and costs among service segments.