Expeditors History

Expeditors is a global logistics company. Expeditors satisfies the increasingly sophisticated needs of international trade through a worldwide network of responsive, highly-trained professionals and integrated information systems. Services include vendor consolidation, air and ocean freight forwarding, customs brokerage, insurance, ocean consolidation, distribution and value-added services.

2007 -- 247 locations

Expeditors continued to focus on delivering a consistent level of customer service and productivity around the world. New as a Fortune 500 company with $5.2 billion in revenue, Expeditors stood out as one of Fortune's Most Admired companies in their industry for 2007.

Awards 2007

2006 -- 233 locations

Meeting key strategic goals in Asia, EMAIR, South Pacific and the Americas, Expeditors focused on delivering a consistent level of customer service and productivity around the world. Entering onto the Fortune 500 list for the first time with $4.6 billion in revenue, Expeditors also stood out as Fortune's #1 Most Admired company in its industry.

Awards 2006

2005 -- 226 locations

In a year of more mergers among other logistics providers and carriers, Expeditors stays true to its vision of organic growth, with five new locations in Asia, six in Europe, two in Latin America, and one each in North America and the Middle East.

The number of employees worldwide now exceeds 10,000 and total revenues approach four billion ($3.9 billion). Expeditors is noted by Forbes as the Best Managed Transportation Company and receives two Quest for Quality awards by the Logistics Management publication. The Wall Street Journal lists Expeditors as #1 in their shareholder scorecard for Delivery Services, above both UPS and FedEx.

Awards 2005

2004 -- 211 locations

A number of milestones mark our 25th year: it's the first year with more than $3 billion in gross revenues ($3,317,499,000); the number of employees tops 9,000 (9,445); and net earnings of $156,126,000.

$1,000 invested in Expeditors at the IPO price of $9.00 a unit (share and a warrant) is worth $233,600 on December 31, 2004, (assuming warrant exercise) for a compound annual rate of return of 28%.

Awards 2004

2003 -- 206 locations

Expeditors continues to thrive in a competitive and challenging industry and world economy. While other logistics companies fail to control costs and stay afloat, Expeditors continues to grow the number of offices, employees and total revenue, all while staying profitable. Air Cargo World ranks the company as the second overall freight forwarder and second in the trans-Atlantic region. In 2003, Expeditors adds full service offices to San Jose (Costa Rica), Orlando (Florida), Austin (Texas) and Tampa (Florida). Our first year with more than $1 billion in assets ($1,044,078,000).

Awards 2003

2002 -- 195 locations

First year with more than $2 billion in gross revenues ($2,296,903,000). First year with more than $100 million in net earnings ($112,529,000). Number of employees tops 8,000. Named to the NASDAQ 100.

Expeditors views its role in the future of international trade as the preferred global logistics solutions company. The company will continue to satisfy its customers' needs through a responsive, highly-trained work force, integrated information systems and a global network.

Awards 2002

2001 -- 191 locations

This year Expeditors was ranked third by Fortune for America's Most Admired companies in the Freight Delivery industry, and the Journal of Commerce awarded Expeditors with the Best Intermediary award. Forbes named the company to the list of America's top 400 companies. Our employees made all of this possible by servicing our customers, one shipment at a time.

Awards 2001

2000 -- 177 locations

This year the number of employees tops 7,000 (7,611), and offices are opened in Phnom Penh and Saigon. Expeditors places emphasis on reducing employee turnover and increasing productivity. Improvements are made on a globally consistent Management Trainee Program and Document Imaging (edoc).

Holding strongly to the belief that you can't buy excellence but have to create and nurture it has resulted in continued success for our company. It was confirmed when Expeditors attained the goal of excellence and was given the "Best Companies to Work For" award by Washington CEO Magazine. But the greatest vote of confidence Expeditors can receive is to have good customers willing to trust Expeditors with their important business.

Awards 2000

1999 -- 163 locations

We celebrate our 20th year, continuing our reputation as a full service global logistics provider. The number of employees grows to 6,480. Expeditors services include Air and Ocean Freight Forwarding, Vendor Consolidation, NVOCC, Customs Clearance, Marine Insurance, Distribution, and other value added global logistics services. Recognition from our customers (Cisco Systems and British Airways Catering name us as Supplier of the Year) helps reinforce the mission at Expeditors.

Awards 1999

1998 -- 149 locations

ISO 9002 certification is achieved in 38 offices throughout the United States, Canada and Mexico, bringing the total number of Expeditors offices certified in this standard to 65 in 17 countries. Gross revenues top $1 billion for the first time ($1,189,044,000) and the number of employees tops 5,000 (5,300).

1997 -- 138 locations

We add more than 1,000 employees in one year, for a total of 4,500. We continue networking offices on the northern and southern borders of the United States. The arrangement of offices on both sides of the U.S. - Mexico border is unique among customs brokers, and this offers unprecedented efficiency and speed in processing customs entries. The four new offices in France will soon be joined by other new locations in Europe, as Expeditors continues to selectively expand its global network.

1996 -- 114 locations

Expeditors names a Director of Quality and formalizes its global pursuit of ISO 9002 certification. A total of 27 offices are ISO 9002-certified as five more offices achieve the accreditation in Asia and Europe. The number of employees tops 3,000 (3,250). We open our first offices in India, Pakistan, and Bangladesh. The class "A" license we hold in Beijing is extended to four more major Chinese trading points, bringing our total offices in China to eight. While its employees are recognized as the best trained in the industry, Expeditors raises its minimum annual training requirement for employees from 30 hours to 52 hours, in recognition of the increasingly sophisticated needs of its customers.

1995 -- 96 locations

This is the first year with more than $500 million in gross revenues ($584,691,000). We enter Central and South America with six offices and 10 agents, and expand in the Middle East. Expeditors launches a Cargo Insurance division. We also gain a new address, on the internet: http://www.expeditors.com.

1994 -- 80 locations

The number of our employees doubles in two years to 2,000. We open distribution centers in Seattle, Chicago, Los Angeles, Miami, Newark, London, Rotterdam, Brussels, Hong Kong, Taipei, and Singapore.

1993 -- 56 locations

We establish a new division called Expeditors' Cargo Management Systems (e.cms), an ocean consolidation program with an automated electronic data interface. We open our first office in China and Beijing grants Expeditors a rare class "A" license.

Awards 1993

1992 -- 51 locations

The number of worldwide employees tops 1,000 (1,100). We open five offices in Germany and our first Middle East office in Saudi Arabia, bringing our number of offices worldwide to 48.

1991 -- 37 locations

Our net earnings top $10 million ($10,196,000). We formalize an internal quality program called EXCEL (Expeditors Commitment to Excellence and Leadership), built on a goal of 100% customer satisfaction 100% of the time.

1990 -- 32 locations

Our Brussels office becomes our first in continental Europe. We also open offices in Kuala Lumpur, Jakarta and Cleveland (U.S.).

1989 -- 27 locations

We complete the development of a computerized air export program.

1988 -- 24 locations

We substantially expand export volume through a series of planned expansion in the Far East, Europe, Australia, and the U.S. Peter J. Rose, one of the founders, assumes the title of President and CEO.

1987 -- 17 locations

We open our first office in Malaysia.

1986 -- 16 locations

We top $100 million in gross revenues ($108,774,000). We enter the European market by acquiring a small export company and opening our London office.

1985 -- 13 locations

Our first move into the ocean business with the acquisition of Pac Bridge, a major non-vessel ocean common carrier (NVOCC) and expansion of less than container load (LCL) and full container ocean services. We also open a new office in Boston this year.

1984 -- 12 locations

Expeditors becomes a public corporation with stock traded over the counter on NASDAQ (symbol: EXPD). During our first year as a public company, we report more than $50 million in gross revenues and $2.1 million in net earnings. We open our Toronto office this year, and we now have 161 employees.

1983 -- 11 locations

We expand our U.S. export market by hiring senior export executives to lead branch offices in the U.S. and key foreign markets. We add export capabilities to Chicago, Seattle, New York, San Francisco and Los Angeles Offices, and we open our Atlanta office.

1981 -- 9 locations

Expeditors becomes a global logistics company in July, when Peter J. Rose, James L.K. Wang and Glenn M. Alger join the company and open seven offices around the world. The initial focus is on U.S. inbound freight from the Far East, primarily Taiwan, Singapore, and Hong Kong. Our combination of transportation services and customhouse brokerage quickly makes us one of the largest U.S.-based air freight forwarder of goods from the Far East.

1979 -- 1 location

We register as a single office ocean forwarder in Seattle, Washington as Expeditors International of Washington, Inc.