Expeditors International of Washington, Inc., commonly known as Expeditors, is a logistics and freight forwarding company based in Seattle, Washington. The company was founded in 1979 by Peter Rose, an early pioneer in the airfreight industry, and has since grown into a global logistics powerhouse, with a presence in over 100 countries around the world.
Expeditors' primary business is to provide logistics solutions to its customers, which include multinational corporations, small businesses, and government agencies. Its services include air and ocean freight forwarding, customs brokerage, warehousing and distribution, and consulting. The company prides itself on its commitment to customer service, and has won numerous awards for its excellence in logistics.
Expeditors went public in 1984, and its stock is listed on the NASDAQ stock exchange under the ticker symbol EXPD. The company has a reputation for financial stability, and has consistently been profitable throughout its history. In 2020, the company reported net revenues of $8.1 billion.
One key factor in Expeditors' success is its focus on technology and innovation. The company has invested heavily in developing its own proprietary software and systems to streamline its logistics operations and improve efficiency. Expeditors' technology platforms allow customers to track their shipments in real-time, manage inventory, and access a range of other logistics-related services.
In addition to its core logistics business, Expeditors has also been involved in various charitable and community initiatives over the years. The company has supported a range of causes, including disaster relief, education, and environmental sustainability.