EXPEDITORS INTERNATIONAL OF WASHINGTON INC

Expeditors International of Washington, Inc. (NASDAQ: EXPD) operates as a global third-party logistics provider offering comprehensive supply chain and transportation services worldwide. The company does not own aircraft or ships but rather purchases cargo space from carriers on a volume basis and resells that capacity to customers, functioning as a non-asset-based logistics services provider.

The company's service portfolio spans three primary segments. Airfreight services, representing approximately 36 percent of 2025 revenues, include consolidation and forwarding of air cargo with typical consolidations weighing around 3,700 pounds. Ocean freight and ocean services, comprising 25 percent of revenues, encompass ocean freight consolidation, direct ocean forwarding, and order management through the company's Ocean Transportation Intermediary operations. Customs brokerage and other services account for 39 percent of revenues and include customs clearance, import services, warehousing and distribution, ground transportation through its Transcon offering, and specialized consulting services.

Expeditors operates approximately 20,000 employees across 172 district offices distributed globally: 70 in the Americas, 17 in North Asia, 16 in South Asia, 45 in Europe, and 24 in the Middle East, Africa and India. The company maintains branch offices and independent agent relationships in additional locations worldwide. Approximately 13,000 employees work in international locations, reflecting the company's geographically diverse workforce with local management and personnel in each region served.

The company's competitive positioning rests on its proprietary, globally-consistent technology platform developed and maintained internally by logistics and information technology professionals. This unified enterprise system supports operations across all districts and provides customers with integrated visibility, advanced analytics, and digital solutions including electronic data interchange, application programming interfaces, and web-based applications for quoting, booking, tracking, and reporting.

Expeditors serves a diversified customer base across industries including technology, healthcare, automotive, aerospace, retail, and high fashion. No single customer represents five percent or more of revenues. The company emphasizes organic growth supplemented by selective strategic acquisitions, distinguishing itself from competitors who have pursued aggressive merger and acquisition strategies. The company's incentive-based compensation system aligns employee interests with profitability and operational performance across district operating units.