Expeditors

Asset-light US forwarder with 335-plus locations in 100 countries

Overview

Expeditors International of Washington is a US logistics company headquartered in Bellevue, Washington, listed on the NYSE as EXPD and led by president and chief executive Daniel R. Wall. It operates 172 district offices and numerous branch locations on six continents, linked by one integrated information system, and provides air and ocean freight consolidation and forwarding, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution[6].

In 2025 Expeditors reported revenue of US$11.07 billion, up 4%, with airfreight services of US$3.98 billion, ocean freight and ocean services of US$2.81 billion and customs brokerage and other services of US$4.27 billion. Operating income was US$1.05 billion and net earnings US$812 million. It had 20,359 full-time-equivalent employees at the end of 2025[6]. In the fourth quarter, airfreight tonnage rose 6% while ocean container volume fell 6% and average revenue per container fell 41%[6].

Expeditors is distinctive for its network of district offices linked by a single information system and for the size of its customs business, which earned more revenue in 2025 than airfreight. Its road and contract logistics operations are smaller than those of the European groups.

Expeditors features

  • Air and ocean consolidation
  • Customs brokerage
  • Order management and vendor consolidation
  • Warehousing and distribution
  • Cargo insurance
  • Air and ocean forwarding
  • Customs brokerage and compliance
  • Project cargo

Expeditors pricing

Quote-based per shipment or by tender.

Expeditors strengths and limitations

Strengths

  • District-office network on one IT system
  • Very strong customs brokerage
  • High profitability for a forwarder
  • Audited US public-company reporting
  • Strong customs and compliance capability
  • Global footprint

Limitations

  • Smaller road and contract logistics footprint
  • Ocean revenue fell sharply in 2025
  • Fewer specialised verticals than largest peers
  • Premium positioning on price
  • Warehousing secondary to forwarding
  • Not a dedicated contract-logistics operator

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