Expeditors International

Expeditors (Expeditors International of Washington) is an American worldwide logistics and freight forwarding company headquartered in Seattle, Washington.[3]

Expeditors International of Washington, Inc.
TypePublic
NASDAQ: EXPD
DJTA Component
S&P 500 Component
IndustryLogistics
Founded1979
HeadquartersSeattle, Washington, US
Key people
Products
RevenueUS$8.1 billion[1] (2018)
US$796 million[1] (2018)
US$818 million[1] (2018)
Total assetsUS$3.3 billion[1] (2018)
Total equityUS$1.99 billion[1] (2018)
Number of employees
17,400[2] (2017)
Websitewww.expeditors.com

Financial information

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 #374 on the Fortune 500 ([https://fortune.com/fortune500/2019/expeditors-intl-of-washington/). Total revenues exceeded 8 billion ($8.138 billion) in 2018.[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, 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]

Compensation structure

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."

See also

References
  1. "US SEC: Form 10-K Expeditors International of Washington, Inc". United States Securities and Exchange Commission. Retrieved July 1, 2019.
  2. "Expeditors Intl. of Washington". Fortune. Retrieved 2019-07-01.
  3. "Expeditors Office Information: Seattle, USA (CHQ) Archived 2009-06-23 at the Wayback Machine." Expeditors Retrieved on January 25, 2009.
  4. https://fortune.com/fortune500/2019/expeditors-intl-of-washington/
  5. "Public Disclosure". Expeditors. Archived from the original on August 30, 2011. Retrieved August 24, 2014.
  6. "Peter Rose to retire". International Transport Journal. 14 October 2013. Retrieved 7 January 2021.
  7. "Expeditors 2003 Annual Report". Archived from the original on 2007-04-14. Retrieved 2007-10-27.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.