What is the significance of Lantau Island? At Expeditors, we know Lantau Island as the birthplace of an idea envisioned by Peter Rose and James Wang in July of 1981. After several years in the industry, they dreamed of creating a global logistics organization that offered integrated services, best in class customer service and a focus on its people. Sketched out on a napkin in a bar, this idea came to fruition that same year when Peter and James, along with Glenn Alger, joined Expeditors International of Washington, Inc., a single office forwarder located in Seattle, Washington.
Expeditors' model was to combine transportation services and customs brokerage. With an initial focus on U.S. inbound freight from Asia, Expeditors quickly became one of the largest U.S.-based air freight forwarders of goods from the Far East. By staying true to our core values, Expeditors has grown organically from one to over 250 offices across the globe and employs more than 13,000 industry professionals.
Expeditors International of Washington, Inc. is registered as a single office ocean forwarder in Seattle, Washington.
Peter Rose, James Wang and Glenn Alger join Expeditors with an initial focus that is new to the industry - a one stop shop for transportation and customs brokerage. We quickly become one of the largest U.S.-based air freight forwarders of goods from the Far East.
198412 locations - 161 employees
Expeditors becomes a public corporation with stock traded 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 expand into the ocean business with the acquisition of Pac Bridge, a major non-vessel ocean common carrier (NVOCC).
Peter J. Rose, one of our founders, assumes the title of President and CEO.
199032 locations - 900 employees
We continue our selective global expansion when Brussels becomes our first office in continental Europe. Our motto, "You'd be surprised how far we'll go for you." is introduced to reinforce our commitment to customer service.
Beijing grants Expeditors a rare class "A" license and we expand into China. We establish Expeditors' Cargo Management Systems (e.cms), an ocean consolidation program with an automated electronic data interface.
199596 locations - 2,400 employees
Expeditors launches a Cargo Insurance division. This is the first year with more than $500 million in gross revenues. We continue our global expansion by entering the Central and South American markets. "Our business is based entirely on service and understanding our customers." - CEO Peter Rose
1996114 locations - 3,250 employees
We name a Director of Quality and formalize our global pursuit of ISO 9002 certification.
1998149 locations - 5,215 employees
Gross revenues top $1 billion for the first time, and we move into our new global headquarters located in downtown Seattle, Washington.
1999163 locations - 6,480 employees
We celebrate our 20th year in grand style, continuing our reputation as a full service global logistics provider.
2000177 locations - 7,486 employees
Expeditors is given the "Best Companies to Work For" award by Washington CEO Magazine.
Our first year with more than $2 billion in gross revenues ($2,296,903,000), more than $100 million in net earnings ($112,529,000). We are named to the NASDAQ 100.
2004211 locations - 9,454 employees
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; and net earnings reach $156,126,000.
Expeditors is noted by Forbes as the Best Managed Transportation Company. The Wall Street Journal lists Expeditors as #1 in their shareholder scorecard for Delivery Services, above both UPS and FedEx.
2006233 locations - 11,542 employees
Entering the Fortune 500 list for the first time with $4.6 billion in revenue, Expeditors also stands out as Fortune's #1 Most Admired Company in our industry.
This year marks the opening of our Disaster Recovery Center in Spokane, Washington, where all global backup IT requirements are facilitated. A sustainable, green office is built in Frankfurt for our German Regional Headquarters.
2010251 locations - 12,800 employees
2010 is considered our best year ever as we approach six billion dollars in revenue. The main reason for such a successful year is predicated on one large factor: our no layoff policy. Protecting our greatest assets proves invaluable, as those same people are the ones delivering world class customer service day after day. Without them, our success is not possible.