Expeditors International Company Overview
What is the Stock Ticker for Expeditors International?
The stock ticker for Expeditors International is EXPD.
Where is the Expeditors International headquarters?
The headquarters of Expeditors International is located in Seattle, Washington, United States.
What Does Expeditors International Do?
Expeditors International is a global logistics company that provides supply chain solutions, including air and ocean freight forwarding, customs brokerage, warehousing, and distribution services. They help businesses manage their global supply chains by providing efficient and reliable transportation and logistics services.
How Does Expeditors International Make Money?
Expeditors International is a global logistics company that provides a range of services to its clients, including air and ocean freight forwarding, customs brokerage, warehousing and distribution, and transportation management. The company generates revenue by charging fees for these services, which are typically based on the volume and complexity of the shipments being handled.
Expeditors International's revenue is primarily derived from its air and ocean freight forwarding services, which accounted for approximately 70% of the company's total revenue in 2020. These services involve coordinating the movement of goods by air or sea, including arranging for transportation, customs clearance, and delivery to the final destination. The company earns revenue by charging fees for these services, which are typically based on the weight, volume, and value of the goods being shipped.
In addition to its freight forwarding services, Expeditors International also generates revenue from its customs brokerage services, which involve helping clients navigate the complex regulations and procedures involved in importing and exporting goods across international borders. The company earns revenue by charging fees for these services, which are typically based on the value of the goods being shipped and the complexity of the customs clearance process.
Expeditors International also provides warehousing and distribution services, which involve storing and managing inventory for clients and distributing goods to their final destinations. The company earns revenue by charging fees for these services, which are typically based on the amount of space and services required to store and manage the goods.
Finally, Expeditors International offers transportation management services, which involve coordinating the movement of goods by various modes of transportation, including air, sea, rail, and truck. The company earns revenue by charging fees for these services, which are typically based on the volume and complexity of the shipments being handled.
Overall, Expeditors International generates revenue by providing a range of logistics services to its clients, charging fees based on the volume, complexity, and value of the goods being shipped and the services required to move them.
Who Founded Expeditors International?
Expeditors International was founded by Peter Rose, James Wang, and Benjamin K. King in 1979.
What is the History of Expeditors International?
Expeditors International is a global logistics company that was founded in 1979 by Peter Rose. The company started as a small airfreight forwarder in Seattle, Washington, and quickly expanded its services to include ocean freight, customs brokerage, and warehousing.
In the 1980s, Expeditors International began to expand internationally, opening offices in Asia, Europe, and South America. The company also began to offer more specialized services, such as project logistics and supply chain management.
In the 1990s, Expeditors International continued to grow, acquiring several smaller logistics companies and expanding its global network. The company also went public in 1984, and its stock has been listed on the NASDAQ exchange ever since.
Today, Expeditors International is one of the largest logistics companies in the world, with over 17,000 employees and operations in more than 100 countries. The company is known for its innovative technology solutions and commitment to customer service, and it continues to expand its services and global reach.
What Industry is Expeditors International In?
Expeditors International is in the logistics and freight forwarding industry.
What Are Expeditors International's Competitive Advantages?
Expeditors International has several competitive advantages that set it apart from its competitors.
1. Global Network: Expeditors International has a vast global network of offices and agents in over 100 countries. This allows the company to provide seamless logistics services to its clients across the world.
2. Technology: The company has invested heavily in technology to streamline its operations and provide real-time visibility to its clients. Its proprietary software, Expeditors' Global Operating System (EGOS), enables the company to manage its supply chain operations efficiently.
3. Customer Service: Expeditors International is known for its exceptional customer service. The company has a dedicated team of professionals who work closely with clients to understand their needs and provide customized solutions.
4. Financial Stability: The company has a strong financial position, with a debt-free balance sheet and a history of consistent profitability. This gives clients the confidence that their logistics partner is financially stable and can weather any economic downturns.
5. Industry Expertise: Expeditors International has deep industry expertise in various sectors, including automotive, healthcare, retail, and technology. This allows the company to provide specialized logistics solutions tailored to the unique needs of each industry.
What Are Expeditors International's Competitive Threats?
Some competitive threats to Expeditors International include:
1. Other global logistics companies such as DHL, FedEx, and UPS that offer similar services and have a strong global presence.
2. Emerging technology and digital platforms that enable companies to manage their own logistics and supply chain operations, reducing the need for third-party logistics providers like Expeditors International.
3. Economic downturns and fluctuations in global trade that can impact demand for logistics services and reduce profitability.
4. Increasing competition from regional logistics providers that offer specialized services and have a better understanding of local markets.
5. Changes in regulations and trade policies that can impact the movement of goods across borders and increase costs for logistics providers.
Who Are Some of the Competitors of Expeditors International?
Some of the competitors of Expeditors International include DHL Global Forwarding, Kuehne + Nagel, C.H. Robinson, DB Schenker, and UPS Supply Chain Solutions.
What Are Some of Expeditors International's Products and Services?
Some notable products and services from Expeditors International include global logistics and supply chain management, air and ocean freight forwarding, customs brokerage, warehousing and distribution, and transportation management. They also offer specialized services such as project logistics, trade compliance consulting, and order management.
Has Expeditors International Acquired any Companies?
Expeditors International has made several notable acquisitions, including the purchase of Fleet Logistics in 2014 and the acquisition of the customs brokerage and logistics firm, Transcon Shipping Co., in 2012.