Expeditors International of Washington, Inc.

What does Expeditors own?
Expeditors owns no ships, planes, or trucks. It is a freight forwarder whose assets are its network of approximately 350 offices, its customs expertise, and its relationships with carriers.

Is Expeditors publicly traded?
Yes. It trades on NASDAQ under ticker EXPD and is a member of the S&P 500.

When was Expeditors founded?
Peter Rose founded it in 1979 in Bellevue, Washington, as a customs brokerage and freight forwarder. It went public in 1984.

Who owns Expeditors?
Public shareholders own it. Daniel Wall has been CEO since June 2024, continuing the company's homegrown leadership tradition.

What is Expeditors' market position?
It is one of the world's largest freight forwarders, competing at the top tier with DHL Global Forwarding, Kuehne + Nagel, and DSV.

Does Expeditors own trucks or ships?
No. It operates an asset-light model, booking space on carriers and earning margin on coordination and customs services rather than owning transportation assets.

Peter Rose founded Expeditors in Bellevue, Washington in 1979 as a customs brokerage and freight forwarder, building it on a model of coordination rather than assets. It grew steadily through the 1980s and went public on NASDAQ in 1984.

Through the following decades it became one of the largest freight forwarders in the world without ever operating a vessel or aircraft, expanding organically to approximately 350 locations in more than 100 countries. Unlike competitors that grew through acquisition, Expeditors built almost entirely through internal growth, a point of corporate pride.

The 2020s pandemic freight cycle proved the model: surging rates produced record profits in 2021 and 2022, followed by normalization as freight markets cooled. Revenue settled to approximately $10.6 billion in FY2025 as rates stabilized, with 2026 navigating tariff volatility and shifting trade lanes under the current trade policy environment.