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Expeditors International of Washington, Inc. is a non-asset-based provider of global logistics services, offering a comprehensive range of services including air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and specialized cargo monitoring and tracking . The company operates primarily through three principal service categories: airfreight services, ocean freight and ocean services, and customs brokerage and other services . Revenue is generated by purchasing transportation services on a volume basis from direct carriers and reselling that space to customers, with the sell rate recognized as revenue and the buy rate as operating expenses .
- Airfreight Services - Provides air freight consolidation and forwarding services, ensuring timely and efficient transportation of goods by air.
- Ocean Freight and Ocean Services - Offers ocean freight consolidation and forwarding, facilitating the movement of goods across international waters.
- Customs Brokerage and Other Services - Includes customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and specialized cargo monitoring and tracking.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jeffrey S. Musser ExecutiveBoard | President, Chief Executive Officer, and Director | None | Joined EXPD in 1983. Held various roles, including CIO and EVP, before becoming CEO in 2014. Over 35 years of experience in international transportation and corporate leadership. | View Report → |
Benjamin G. Clark Executive | Senior Vice President and Chief Strategy Officer | None | Joined EXPD in 2015 as General Counsel. Appointed Chief Strategy Officer in 2020. Previously held legal leadership roles at Dematic Group and Celanese Corporation. | |
Blake R. Bell Executive | President, Global Services | None | Joined EXPD in 1995. Held roles such as District Manager, Regional VP, and SVP of Global Transcon. Appointed President, Global Services, in 2024. | |
Bradley S. Powell Executive | Senior Vice President and Chief Financial Officer | None | Joined EXPD in 2008 as CFO. Promoted to SVP and CFO in 2012. Previously served as CFO of Eden Bioscience Corporation. Extensive experience in financial leadership. | |
Christopher J. McClincy Executive | Senior Vice President and Chief Information Officer | None | Joined EXPD in 1998. Promoted to VP of Information Services in 2009 and SVP/CIO in 2014. Oversees IT and technology infrastructure. | |
Daniel R. Wall Executive | President, Global Geographies and Operations | None | Joined EXPD in 1987. Held various leadership roles, including President, Global Products, and President, Global Services, before his current role in 2024. | |
Jeffrey F. Dickerman Executive | Senior Vice President, General Counsel, and Corporate Secretary | None | Joined EXPD in 2004. Held roles such as Corporate Counsel and Deputy General Counsel before becoming SVP, General Counsel, and Corporate Secretary in 2020. | |
Kelly K. Blacker Executive | President, Global Products | None | Joined EXPD in 1994. Held roles such as District Manager and SVP of Global Air. Appointed President, Global Products, in 2024. | |
Brandon S. Pedersen Board | Director | Member of the Audit Advisory Committee at the University of Washington | Joined EXPD's Board in 2022. Former CFO of Alaska Air Group. Expertise in finance, strategic planning, and governance. | |
Diane H. Gulyas Board | Director | Board Member at Ingevity Corporation | Joined EXPD's Board in 2015. Former President of DuPont's Performance Polymers business. Over 35 years of senior leadership experience in global business. | |
Glenn M. Alger Board | Director | None | Co-founder of EXPD. Served as President and COO from 1999 to 2007. Rejoined as a Director in 2017. Over 30 years of experience in global logistics and business development. | |
James M. DuBois Board | Director | Board member and advisor for B2B tech startups and private equity-owned companies | Former CIO and CISO at Microsoft. Joined EXPD's Board in 2016. Expertise in cybersecurity, digital transformation, and IT governance. | |
Liane J. Pelletier Board | Director | Board Member at Frontdoor, Inc. | Joined EXPD's Board in 2013. Former CEO of Alaska Communications Systems. Extensive experience in governance, strategy, and leadership. | |
Mark A. Emmert Board | Director | Board Member at Weyerhaeuser Company | Joined EXPD's Board in 2008. Former President of the NCAA and University of Washington. Expertise in governance, strategy, and leadership. | |
Olivia D. Polius Board | Director | None | Joined EXPD's Board in 2021. CPA with expertise in finance, global operations, and government contract compliance. Serves on the Audit Committee. | |
Robert P. Carlile Board | Chairman of the Board | Chairman of the Board at MicroVision, Inc.; Board Member at Virginia Mason Franciscan Health | Joined EXPD's Board in 2019. Appointed Chairman in 2022. Former audit partner at KPMG and Arthur Andersen. Extensive experience in financial oversight and governance. |
Recent press releases and 8-K filings for EXPD.
- EPS increased to $1.47 with a 26% YoY growth and net earnings of $204 million for Q1 2025.
- Revenues climbed 21% to $2.7 billion with operating income up 24% to $266 million, underscoring strong operational performance.
- In Q1 2025, airfreight tonnage increased by 9% and ocean container volume grew by 8%, despite market challenges.
- Expeditors International of Washington, Inc. declared a semi-annual cash dividend of $0.77 per share with a record date of June 2, 2025, and a payable date of June 16, 2025.
- Announcement made via an 8‑K filing and accompanying press release on May 6, 2025, highlighting the company’s commitment to shareholder value.
- Reorganization of Mexican customs: The call detailed how Mexico is transitioning from a traditional customs framework under the IRS to a standalone, military-supported customs agency, impacting face-to-face interactions and operational processes.
- IMMEX and VAT certification challenges: The discussion highlighted cancellations of the IMMEX programs and changes in VAT certification requirements that could disrupt import flows and affect process efficiency.
- Tariff adjustments and uncertainty: The speaker explained recent changes in tariffs on steel, aluminum, vehicles, and auto parts, noting a potential reduction on certain duties if U.S. expectations are met, while emphasizing overall uncertainty amid geopolitical shifts.
- Long-term economic strategy in Mexico: The call referenced the draft "Plan Mexico" aimed at boosting domestic production, job creation, and regional development across key sectors like automotive, aerospace, semiconductors, and pharma, signaling potential future impacts for trade and logistics.
- The call detailed recent U.S. tariff actions including 25% tariffs on passenger vehicles and light trucks, upcoming auto parts tariffs, and updated guidance on aluminum tariffs.
- Executives explained reciprocal tariff implementations with rates ranging from 11% to 84% on imports from over 60 countries, notably affecting China.
- Global trade responses were reviewed with emphasis on negotiation efforts and countermeasures by Canada, the European Union, and China.
- Attendees were advised on operational measures including customs classification, compliance on HTS rules, and bond management amid evolving trade policies.
- Expeditors hosted a conference call on April 03, 2025 focusing on the new RPP program under Canada’s CARM initiative, outlining the need for financial security posting to enable the release of goods before duty and tax payment.
- Speakers discussed key differences between cash security (requiring 100% of the highest monthly duty and tax accounts receivable) and written security agreements (requiring 50% with a minimum of $5,000), and noted the compliance deadline extension to May 20, 2025.
- The session included Q&A addressing practical compliance issues and clarifying that failing to meet the financial security requirements would result in importers having to pay applicable duties and taxes prior to goods release.
- Market uncertainty and capacity dynamics were discussed, with Eduardo Alba noting a stable 2024 environment but highlighting concerns over political and tariff uncertainties and a 4% supply growth in air freighters, alongside export demand downturns (down 9% in 2024) versus 6% import growth.
- Ocean market trends were emphasized by Lorena Rosani, including a 27% increase in the global order book, significant port expansion projects at Lazaro Cardenas (projected 4 million TEU capacity by 2027) and Manzanillo (projected 10 million TEU capacity by 2030), and a 7.7% demand growth in 2024.
- Customs brokerage updates were mentioned by Samantha Hurst, with an invitation to a forthcoming Mexico customs webinar and advice to maintain close coordination with customs representatives amid evolving market conditions.