Expeditors International
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| Expeditors | |
| Public | |
| Traded as | NASDAQ: EXPD NASDAQ-100 Component Dow Jones Transportation Average Component S&P 500 Component |
| Industry | Logistics |
| Founded | 1979 |
| Headquarters | Seattle, Washington, US |
|
Key people
|
Jeffrey S. Musser, Chairman & CEO Jordan Gates, President & COO |
| Products | Freight Forwarding Services Customs Brokerage |
| Revenue |  $6.1 billion USD (2011) |
| $547 million USD (2010) |
|
| $344 million USD (2010) |
|
|
Number of employees
|
13,000 (2010)[1] |
| Slogan | You'd be surprised how far we'll go for you. |
| Website | www |
Expeditors is a global logistics and freight forwarding company headquartered in Seattle, Washington.[2]
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 #428 on the Fortune 500 (2013). Total revenues exceeded five billion ($5.967 billion) in 2010.
They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by CEO Peter Rose himself[citation needed], as well as its responses to questions submitted to the company, which are placed on Expeditors' Investor website.[3] 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,[4] "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
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Expeditors Office Information: Seattle, USA (CHQ)." Expeditors Retrieved on January 25, 2009.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
External links
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- Pages with broken file links
- Articles with unsourced statements from May 2015
- Official website not in Wikidata
- Companies based in Seattle, Washington
- Companies established in 1979
- Companies in the Dow Jones Transportation Average
- Companies in the Nasdaq-100
- Companies listed on the Nasdaq
- Companies listed on NASDAQ
- Logistics companies of the United States
