Expeditors International of Washington

Expeditors International of Washington

Expeditors International of Washington made $6 billion in revenue in fiscal 2013 as a result of its supply chain solutions and distribution services, according to JOC’s ranking of the Top 40 Global 3PLs, where Expeditors International sits at No. 9. It provides land, sea, or air transportation for its clients through its 14,000 employees located in more than 250 offices on six continents.

Air freight makes up 34 percent of Expeditors’ revenue, and sea freight accounts for 23 percent. Customs brokerage and services like warehousing account for the remaining 43 percent of the company’s revenue. Expeditors has explicitly disavowed growth through acquisition, and believes that enhanced information systems are the key to its organic growth and future success.

Expeditors maintains a headquarters in Seattle, Washington, and has roughly a quarter of its employees based in the United States. Long present in U.S.-Asia trade, Expeditors is facing increasingly stiff competition from both larger and similar sized rivals. This limited Expeditors 2013 revenues to $6.1 billion, a 1.5 percent increase over 2012’s $6 billion.

08 May 2014
Profits in international forwarding are becoming increasingly squeezed as competitors drop prices to gain volumes and as underlying rates remain weak due to overcapacity and slowing growth in both ocean and air markets.
26 Feb 2014
More than half of Expeditors International of Washington’s revenue came from the Asia-Pacific region in 2013, which may be a good sign for the third-party logistics provider...
05 Nov 2013
Expeditors International of Washington reported its profit in the third quarter of 2013 was $92.4 million, improving 4.4 percent year-over-year from $88.5 million.