Business Description
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.
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Key Metrics
Revenue by Segment - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Airfreight Services | 904.9 | 751.171 | 724.33 | 866.1 | 3,246.5 | 759.374 | 860.3 | 986.95 | ||||||||||||||||||||||||||||||||||||||||||||||
Ocean Freight | - | - | - | - | 2,363.2 | 570.786 | 651.7 | 1,017.62 | ||||||||||||||||||||||||||||||||||||||||||||||
Customs Brokerage | - | - | - | - | 3,690.3 | 876.518 | 927.0 | 995.56 | ||||||||||||||||||||||||||||||||||||||||||||||
Ocean Freight and Ocean Services | 697.3 | 593.801 | 560.28 | 511.82 | 2,363.2 | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||
Customs Brokerage and Other Services | 990.4 | 894.780 | 905.39 | 899.73 | 3,690.3 | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||
Total Revenue | 2,592.6 | 2,239.752 | 2,190.00 | 2,277.75 | 9,300.1 | 2,206.678 | 2,439.0 | 3,000.13 | ||||||||||||||||||||||||||||||||||||||||||||||
Revenue by Geography - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 |
United States | 945.494 | 805.948 | 784.503 | 775.36 | 3,311.3 | 751.543 | 779.17 | 854.679 | ||||||||||||||||||||||||||||||||||||||||||||||
Other North America | 109.850 | 110.255 | 106.293 | 109.9 | 436.3 | 106.850 | 110.72 | 114.264 | ||||||||||||||||||||||||||||||||||||||||||||||
Latin America | 54.695 | 49.972 | 47.327 | 45.31 | 197.3 | 44.492 | 45.31 | 61.981 | ||||||||||||||||||||||||||||||||||||||||||||||
North Asia | 582.421 | 510.027 | 515.340 | 573.01 | 2,180.8 | 544.941 | 637.35 | 914.417 | ||||||||||||||||||||||||||||||||||||||||||||||
South Asia | 224.127 | 199.868 | 207.006 | 234.3 | 865.3 | 227.719 | 287.94 | 445.308 | ||||||||||||||||||||||||||||||||||||||||||||||
Europe | 534.464 | 440.916 | 410.904 | 422.32 | 1,808.6 | 398.317 | 409.46 | 433.660 | ||||||||||||||||||||||||||||||||||||||||||||||
Middle East, Africa, and India | 142.703 | 123.972 | 119.849 | 118.68 | 505.2 | 134.106 | 170.35 | 177.145 | ||||||||||||||||||||||||||||||||||||||||||||||
Eliminations | (1.165) | (1.206) | (1.221) | - | - | (1.290) | (1.30) | (1.323) | ||||||||||||||||||||||||||||||||||||||||||||||
Total Revenue | 2,592.589 | 2,239.752 | 2,190.001 | 2,277.76 | 9,300.1 | 2,206.678 | 2,439.00 | 3,000.131 |