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Expeditors International of Washington
Expeditors International of Washington

-7.97%

Logistics / Logistics

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Overview
Expeditors International of Washington is a global logistics and freight forwarding company that specializes in providing supply chain solutions to businesses around the world. The company was founded in 1979 and is headquartered in Seattle, Washington.
With a network of over 300 locations in more than 100 countries, Expeditors International offers a wide range of services including air and ocean freight forwarding, customs brokerage, warehousing and distribution, and value-added services. The company serves a diverse range of industries including retail, healthcare, technology, and automotive.
Expeditors International prides itself on its customer-focused approach and commitment to delivering efficient and cost-effective solutions for its clients. The company's core values of integrity, excellence, and execution drive its business practices and have helped it establish a reputation as a trusted partner for global logistics needs.
In addition to its logistics services, Expeditors International is also committed to social responsibility and sustainability. The company has implemented several initiatives to reduce its environmental impact, including investing in alternative fuels and energy-efficient facilities.
Overall, Expeditors International of Washington is a leading player in the global logistics industry, known for its reliable and innovative solutions and commitment to customer satisfaction.
What is special about the company?
Expeditors International of Washington is a global logistics and supply chain company that offers a range of services including freight forwarding, customs brokerage, and warehousing. Some aspects that make this company stand out are:
1. Strong Global Presence: Expeditors has operations in over 100 countries, with a vast network of offices, warehouses, and logistics centers. This allows the company to provide its services to clients worldwide and ensures efficient and timely delivery of goods.
2. Customer-Centric Approach: The company has a strong focus on customer satisfaction and goes above and beyond to understand and meet the unique needs of each client. They offer tailor-made solutions and have a reputation for exceptional customer service.
3. Strong Technological Capabilities: Expeditors invests heavily in technology, enabling them to provide cutting-edge supply chain solutions and stay ahead of the competition. They have developed proprietary systems that help streamline processes and improve efficiency.
4. Financial Stability: Expeditors has a strong financial track record, with consistent revenue and profit growth. This stability gives clients and shareholders confidence in the company's ability to sustain and grow its operations.
5. Ethical and Sustainable Practices: Expeditors is committed to conducting business with integrity and adhering to high ethical standards. They also prioritize sustainable practices and have initiatives in place to reduce their environmental impact.
6. Industry Recognition: Expeditors has received several accolades and awards for its performance and services, including being named one of the World's Most Ethical Companies by Ethisphere Institute and one of the World's Most Admired Companies by Fortune magazine.
Overall, Expeditors International of Washington's strong global presence, customer-centric approach, technological capabilities, financial stability, ethical practices, and industry recognition make it a highly respected and sought-after company in the logistics and supply chain industry.
What the company's business model?
The Expeditors International of Washington company is a global logistics and freight forwarding company that offers transportation, supply chain management, and customs clearance services to businesses in various industries. Their business model is based on providing end-to-end supply chain solutions to their clients, with a focus on efficiency, reliability, and customer service. This includes managing transportation and logistics processes, warehousing and distribution, customs clearance, and trade compliance. The company also leverages technology and analytics to optimize their operations and provide real-time visibility for their clients. They generate revenue through fees for their services, which include transportation and handling costs, as well as value-added services such as consulting and insurance. Expeditors International also operates on a global scale, with a network of offices and partners in over 250 locations worldwide. Overall, their business model is centered around providing comprehensive and efficient logistics solutions to help their clients streamline their supply chain operations.
Interesting facts about the company
1. Expeditors International of Washington is a logistics and freight forwarding company based in Seattle, Washington.
2. The company was founded in 1979 by Peter Rose, who remains its Chairman of the Board and a major shareholder.
3. Expeditors employs over 15,000 people in more than 300 locations worldwide, making it one of the largest global logistics companies.
4. The company’s main services include transportation and supply chain management, warehousing and distribution, customs brokerage, and consulting.
5. Expeditors has a strong focus on technology, with its own in-house developed IT systems that automate and optimize processes, providing real-time tracking and visibility for customers.
6. Despite its global reach, Expeditors maintains a decentralized structure, with each office operating autonomously to cater to the specific needs of its local clients.
7. Expeditors has consistently been recognized as one of the world’s most admired companies by Fortune magazine and has received numerous other industry awards for its service and performance.
8. The company has a strong commitment to sustainability and is actively involved in reducing its carbon footprint through various initiatives, such as promoting eco-friendly packaging and implementing energy-efficient practices.
9. Expeditors has a strong corporate culture of promoting employee growth and development, and has been consistently ranked as one of the best companies to work for by Forbes and other publications.
10. In 2020, Expeditors International of Washington reported a record revenue of $9.4 billion, despite the challenges of the COVID-19 pandemic. This was due to the company’s strong global network and diversified portfolio of services.
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