Market Summary
USD113.91+0.91
Market Closed0.81%
EXPD Stock Price
EXPD RSI Chart
EXPD Valuation
EXPD Price/Sales (Trailing)
EXPD Profitability
EXPD Fundamentals
EXPD Revenue
EXPD Earnings
Price Action
52 Week Range
86.08128.04
(Low)(High)
Last 7 days
-3.8%
Last 30 days
-0.7%
Last 90 days
-0.5%
Trailing 12 Months
29.2%
EXPD Financial Health
EXPD Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for EXPD
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-01 | Musser Jeffrey S | sold | -3,343,600 | 111 | -30,041 | president and ceo |
2023-05-08 | Dickerman Jeffrey F | sold | -189,567 | 117 | -1,608 | senior vp/gen counsel/corp sec |
2023-05-05 | Clark Benjamin G. | sold (taxes) | -47,017 | 116 | -402 | svp - chief strategy officer |
2023-05-05 | Musser Jeffrey S | sold (taxes) | -246,552 | 116 | -2,108 | president and ceo |
2023-05-05 | POWELL BRADLEY S | acquired | - | - | 2,302 | senior vp - cfo |
2023-05-05 | Bell Blake R | acquired | - | - | 817 | president, global products |
2023-05-05 | Wall Daniel R | acquired | - | - | 2,302 | president, global services |
2023-05-05 | Clark Benjamin G. | acquired | - | - | 1,021 | svp - chief strategy officer |
2023-05-05 | Clark Benjamin G. | sold | -152,032 | 117 | -1,290 | svp - chief strategy officer |
2023-05-05 | McClincy Christopher J. | sold (taxes) | -47,017 | 116 | -402 | senior vp - cio |
Which funds bought or sold EXPD recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 794,790 | 794,790 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 10.62 | 22,413,000 | 125,809,000 | 0.08% |
2023-09-18 | CAPE ANN SAVINGS BANK | unchanged | - | 36,157 | 397,791 | 0.26% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -0.47 | 6,727 | 77,644 | 0.02% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 4,845 | 4,845 | -% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 240,807 | 240,807 | 0.04% |
2023-08-24 | Alberta Investment Management Corp | sold off | -100 | -517,013 | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -0.73 | 2,618,370 | 31,108,700 | 0.30% |
2023-08-22 | Union Heritage Capital, LLC | unchanged | - | 305,000 | 3,345,000 | 1.81% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 2,000 | 18,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Expeditors International of Washington
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | loomis sayles & co l p | 4.25% | 6,767,693 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.97% | 19,052,121 | SC 13G/A | |
| Feb 08, 2023 | state street corp | 5.72% | 9,110,000 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 13.0% | 20,658,607 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 13.0% | 20,658,607 | SC 13G/A | |
| Feb 14, 2022 | loomis sayles & co l p | 6.00% | 10,165,441 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 5.49% | 9,300,226 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.50% | 19,485,313 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 13.5% | 22,923,231 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 13.5% | 22,923,231 | SC 13G/A |
Recent SEC filings of Expeditors International of Washington
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 24, 2023 | 8-K | Current Report | |
| Aug 16, 2023 | UPLOAD | UPLOAD | |
| Aug 08, 2023 | 8-K | Current Report | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 03, 2023 | CORRESP | CORRESP | |
| Jul 28, 2023 | UPLOAD | UPLOAD | |
| Jun 20, 2023 | 4 | Insider Trading | |
| Jun 20, 2023 | 4 | Insider Trading | |
| Jun 20, 2023 | 4 | Insider Trading | |
| Jun 20, 2023 | 4 | Insider Trading |
EXPD Fair Value
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Peers (Alternatives to Expeditors International of Washington)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
FDX | 59.7B | 88.6B | 0.25% | 68.95% | 17.9 | 0.63 | -6.50% | 16.33% |
DAL | 24.5B | 55.7B | -10.73% | 25.73% | 298.7 | 0.53 | 33.38% | 398.83% |
EXPD | 16.8B | 12.6B | -0.69% | 29.16% | 15.88 | 1.33 | -33.44% | -31.22% |
LUV | 16.7B | 25.1B | -11.15% | -14.10% | 38.46 | 0.66 | 18.83% | -71.05% |
CHRW | 10.0B | 20.1B | -7.79% | -13.30% | 18.71 | 0.5 | -23.75% | -51.25% |
| MID-CAP | ||||||||
XPO | 8.0B | 7.6B | -2.39% | 55.58% | 94.75 | 1.05 | 0.77% | -87.90% |
AAWW | 2.9B | 4.5B | 0.24% | 22.01% | 8.22 | 0.64 | 12.86% | -27.86% |
FWRD | 1.7B | 1.8B | 1.47% | -27.11% | 11.19 | 0.93 | -2.22% | -6.61% |
JBLU | 1.5B | 9.9B | -28.14% | -36.34% | 55.75 | 0.15 | 24.14% | 106.11% |
| SMALL-CAP | ||||||||
SAVE | 2.0B | 5.5B | -2.64% | -26.60% | -4.4 | 0.37 | 29.98% | -29.36% |
ATSG | 1.5B | 2.1B | -4.56% | -16.44% | 9.66 | 0.71 | 7.02% | -29.07% |
RLGT | 276.7M | 1.1B | -14.85% | 0.17% | 13.43 | 0.25 | 49.19% | -53.68% |
AIRT | 62.8M | 267.9M | 6.29% | -2.83% | -5.52 | 0.23 | 40.28% | -223.76% |
HUBG | 2.5M | 4.8B | -0.14% | 11.85% | 0.01 | 5e-4 | -3.92% | -13.56% |
Expeditors International of Washington News
Returns for EXPD
Cumulative Returns on EXPD
11.1%
10-Year Cumulative Returns
13.4%
7-Year Cumulative Returns
10.2%
5-Year Cumulative Returns
9.3%
3-Year Cumulative Returns
Risks for EXPD
What is the probability of a big loss on EXPD?
45.4%
Probability that Expeditors International of Washington stock will be more than 20% underwater in next one year
7.3%
Probability that Expeditors International of Washington stock will be more than 30% underwater in next one year.
0%
Probability that Expeditors International of Washington stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does EXPD drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Expeditors International of Washington was unfortunately bought at previous high price.
Drawdowns
Financials for Expeditors International of Washington
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -15.8% | 12,636 | 15,000 | 17,071 | 19,026 | 18,983 | 17,989 | 16,524 | 14,296 | 12,326 | 11,128 | 9,831 | 8,707 | 8,433 | 8,057 | 8,175 | 8,366 | 8,382 | 8,304 | 8,138 | 7,804 | 7,515 |
| Costs and Expenses | -15.8% | 11,255 | 13,361 | 15,247 | 16,908 | 16,902 | 16,003 | 14,614 | 12,540 | 10,808 | 9,773 | 8,644 | 7,635 | 7,406 | 7,086 | 7,176 | 7,563 | 7,582 | 7,513 | 7,342 | 7,026 | 6,753 |
| S&GA Expenses | 1.6% | 27.00 | 27.00 | 24.00 | 22.00 | 20.00 | 17.00 | 16.00 | 15.00 | 13.00 | 13.00 | 18.00 | 25.00 | 33.00 | 41.00 | 44.00 | 46.00 | 46.00 | 45.00 | 45.00 | 44.00 | 44.00 |
| EBITDA | -100.0% | - | 1,735 | 1,917 | 2,196 | 2,152 | 2,057 | 1,976 | 1,635 | 1,400 | 1,238 | 1,015 | 915 | 871 | 819 | 848 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.12* | 0.11* | 0.12* | 0.11* | 0.11* | 0.12* | 0.11* | 0.11* | 0.11* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | - | - | - | - | - | - |
| Interest Expenses | 12.5% | 6.00 | 5.00 | 23.00 | - | 1.00 | 2.00 | 0.00 | - | - | - | 0.00 | - | - | - | - | - | - | - | - | - | - |
| Earnings Before Taxes | -14.6% | 1,423 | 1,665 | 1,836 | 2,141 | 2,099 | 2,005 | 1,925 | 1,583 | 1,344 | 1,180 | 957 | 858 | 818 | 768 | 796 | 833 | 827 | 816 | 818 | 801 | 783 |
| EBT Margin | -100.0% | - | 0.11* | 0.11* | 0.11* | 0.11* | 0.11* | 0.12* | 0.11* | 0.11* | 0.10* | 0.09* | 0.10* | 0.10* | 0.10* | 0.10* | - | - | - | - | - | - |
| Net Income | -14.6% | 1,056 | 1,237 | 1,357 | 1,591 | 1,536 | 1,474 | 1,415 | 1,161 | 994 | 861 | 696 | 635 | 604 | 573 | 590 | 632 | 635 | 622 | 618 | 606 | 564 |
| Net Income Margin | -100.0% | - | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | 0.07* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,262 | 2,130 | 1,948 | 1,455 | 927 | 868 | 705 | 689 | 846 | 655 | 679 | 678 | 647 | 772 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -14.4% | 4,564 | 5,333 | 5,590 | 6,608 | 7,361 | 7,956 | 7,610 | 7,076 | 5,953 | 5,455 | 4,928 | 4,359 | 3,810 | 3,510 | 3,692 | 3,706 | 3,647 | 3,643 | 3,315 | 3,335 | 3,133 |
| Current Assets | -18.2% | 3,483 | 4,257 | 4,518 | 5,588 | 6,330 | 6,963 | 6,635 | 6,112 | 4,985 | 4,494 | 3,964 | 3,410 | 2,858 | 2,619 | 2,770 | 2,769 | 2,711 | 2,729 | 2,735 | 2,746 | 2,564 |
| Cash Equivalents | -27.7% | 1,699 | 2,351 | 2,034 | 2,155 | 1,977 | 2,140 | 1,729 | 1,820 | 1,674 | 1,793 | 1,528 | 1,466 | 1,180 | 1,112 | 1,230 | 1,216 | 1,083 | 1,189 | 924 | 991 | 1,021 |
| Net PPE | -1.2% | 495 | 500 | 502 | 481 | 495 | 504 | 488 | 492 | 499 | 497 | 506 | 499 | 498 | 485 | 499 | 494 | 499 | 501 | 504 | 510 | 516 |
| Goodwill | 0% | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 |
| Current Liabilities | -10.3% | 1,579 | 1,760 | 2,054 | 2,706 | 3,411 | 3,722 | 3,726 | 3,275 | 2,485 | 2,195 | 1,893 | 1,497 | 1,288 | 1,159 | 1,168 | 1,184 | 1,279 | 1,228 | 1,327 | 1,377 | 1,240 |
| Shareholder's Equity | -18.9% | 2,556 | 3,150 | 3,110 | 3,482 | 3,535 | 3,849 | 3,498 | 3,421 | 3,084 | 2,879 | 2,663 | 2,504 | 2,162 | 2,037 | 2,197 | 2,209 | 2,052 | 2,125 | 1,988 | 1,957 | 1,893 |
| Retained Earnings | -17.5% | 2,752 | 3,336 | 3,311 | 3,739 | 3,717 | 3,966 | 3,620 | 3,464 | 3,104 | 2,887 | 2,600 | 2,490 | 2,298 | 2,202 | 2,321 | 2,301 | 2,141 | 2,223 | 2,089 | 2,053 | 1,977 |
| Additional Paid-In Capital | - | - | - | 0.00 | 0.00 | 0.00 | 13.00 | 3.00 | 75.00 | 79.00 | 101 | 157 | 146 | 12.00 | 1.00 | 3.00 | 23.00 | 12.00 | 4.00 | 2.00 | 2.00 | 2.00 |
| Accumulated Depreciation | 2.2% | 590 | 578 | 568 | 549 | 554 | 553 | 542 | 533 | 535 | 524 | 517 | 510 | 495 | 481 | 479 | 468 | 466 | 458 | 447 | 441 | 435 |
| Shares Outstanding | -3.6% | 147 | 153 | 154 | 159 | 165 | 167 | 167 | 170 | 169 | 169 | 169 | 168 | 167 | 169 | 170 | 170 | 171 | 172 | 172 | 173 | 175 |
| Minority Interest | -32.1% | 2.00 | 3.00 | 4.00 | 9.00 | 10.00 | 6.00 | 4.00 | 3.00 | 4.00 | 4.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -17.7% | 1,862 | 2,262 | 2,130 | 1,948 | 1,455 | 927 | 868 | 705 | 689 | 846 | 655 | 678 | 678 | 647 | 772 | 709 | 634 | 627 | 573 | 597 | 596 |
| Share Based Compensation | -10.6% | 58.00 | 65.00 | 64.00 | 63.00 | 64.00 | 70.00 | 69.00 | 75.00 | 72.00 | 63.00 | 62.00 | 57.00 | 57.00 | 59.00 | 62.00 | 62.00 | 64.00 | 58.00 | 56.00 | 55.00 | 52.00 |
| Cashflow From Investing | 32.6% | -55.91 | -82.93 | -87.71 | -80.93 | -74.44 | -42.55 | -36.65 | -34.42 | -32.40 | -48.18 | -46.03 | -46.05 | -53.34 | -43.10 | -46.01 | -46.29 | -41.62 | -43.35 | -48.40 | 18.00 | -5.82 |
| Cashflow From Financing | -8.0% | -2,083 | -1,928 | -1,684 | -1,427 | -1,012 | -528 | -613 | -327 | -191 | -137 | -331 | -386 | -509 | -661 | -417 | -426 | -526 | -498 | -627 | -640 | -676 |
| Dividend Payments | - | 275 | - | 214 | 276 | 276 | - | 196 | 249 | 249 | - | 175 | 230 | 230 | - | 171 | 217 | 217 | - | 157 | 205 | 205 |
| Buy Backs | 7.7% | 1,934 | 1,795 | 1,582 | 1,308 | 915 | 429 | 515 | 243 | 167 | 135 | 332 | 406 | 468 | 628 | 389 | 389 | 475 | 520 | 648 | 693 | 748 |
EXPD Income Statement
2023-06-30Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | $ 2,239,752 | $ 4,603,312 | $ 4,832,341 | $ 9,267,610 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | [1] | 1,419,182 | 3,440,948 | 3,138,284 | 6,957,059 | |
| Salaries and related | 428,558 | 508,222 | 878,406 | 1,047,162 | ||
| Rent and occupancy | 58,205 | 51,598 | 115,837 | 102,526 | ||
| Depreciation and amortization | 15,506 | 14,254 | 30,767 | 27,229 | ||
| Selling and promotion | 6,314 | 5,887 | 12,698 | 9,935 | ||
| Other | 63,489 | 76,421 | 131,882 | 155,957 | ||
| Total operating expenses | 1,991,255 | 4,097,330 | 4,307,875 | 8,299,868 | ||
| Operating income | 248,497 | 505,982 | 524,466 | 967,742 | ||
| Other Income (Expense): | ||||||
| Interest income | 17,792 | 2,720 | 36,567 | 4,612 | ||
| Interest Expense | (395) | (58) | (3,040) | (561) | ||
| Other, net | 289 | 164 | 8,768 | 8,194 | ||
| Other income, net | 17,686 | 2,826 | 42,295 | 12,245 | ||
| Earnings before income taxes | 266,183 | 508,808 | 566,761 | 979,987 | ||
| Income tax expense | 70,390 | 126,582 | 144,970 | 248,281 | ||
| Net earnings | 195,793 | 382,226 | 421,791 | 731,706 | ||
| Less net (losses) earnings attributable to the noncontrolling interest | (1,007) | 4,421 | (1,020) | 7,792 | ||
| Net earnings attributable to shareholders | $ 196,800 | $ 377,805 | $ 422,811 | $ 723,914 | ||
| Diluted earnings attributable to shareholders per share | $ 1.3 | $ 2.27 | $ 2.75 | $ 4.31 | ||
| Basic earnings attributable to shareholders per share | $ 1.31 | $ 2.29 | $ 2.78 | $ 4.35 | ||
| Weighted average diluted shares outstanding | 151,563 | 166,474 | 153,516 | 167,980 | ||
| Weighted average basic shares outstanding | 150,435 | 165,092 | 152,291 | 166,423 | ||
| Airfreight services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | $ 751,171 | $ 1,602,566 | $ 1,656,074 | $ 3,201,121 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | 525,027 | 1,212,503 | 1,191,049 | 2,355,049 | ||
| Ocean freight and ocean services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 593,801 | 1,759,646 | 1,291,108 | 3,735,892 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | 405,807 | 1,402,365 | 889,489 | 3,002,608 | ||
| Customs brokerage and other services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 894,780 | 1,241,100 | 1,885,159 | 2,330,597 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | $ 488,349 | $ 826,080 | $ 1,057,747 | $ 1,599,402 | ||
| ||||||
EXPD Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 1,698,587 | $ 2,034,131 |
| Accounts Receivable, less allowance for credit loss of $5,802 at June 30, 2023 and $9,466 at December 31,2022 | 1,423,622 | 2,107,645 |
| Deferred contract costs | 175,723 | 257,545 |
| Other | 184,614 | 118,696 |
| Total current assets | 3,482,546 | 4,518,017 |
| Property and equipment, less accumulated depreciation and amortization of $590,490 at June 30,2023 and $567,758 at December 31,2022 | 494,539 | 501,916 |
| Operating lease right-of-use assets | 514,958 | 507,503 |
| Goodwill | 7,927 | 7,927 |
| Deferred federal and state income taxes, net | 43,550 | 37,449 |
| Other assets, net | 20,520 | 17,622 |
| Total assets | 4,564,040 | 5,590,434 |
| Current Liabilities: | ||
| Accounts payable | 815,514 | 1,108,996 |
| Accrued liabilities, primarily salaries and related costs | 422,134 | 479,262 |
| Contract liabilities | 218,561 | 323,101 |
| Current portion of operating lease liabilities | 99,962 | 95,621 |
| Federal, state and foreign income taxes | 22,936 | 47,075 |
| Total current liabilities | 1,579,107 | 2,054,055 |
| Noncurrent portion of operating lease liabilities | 426,829 | 422,844 |
| Commitments and contingencies | ||
| Shareholders’ Equity: | ||
| Preferred stock, none issued | 0 | 0 |
| Common stock, par value $0.01 per share. Issued and outstanding: 147,222 shares at June 30, 2023 and 154,313 shares at December 31, 2022 | 1,472 | 1,543 |
| Additional paid-in capital | 0 | 139 |
| Retained earnings | 2,752,461 | 3,310,892 |
| Accumulated other comprehensive loss | (198,001) | (202,553) |
| Total shareholders’ equity | 2,555,932 | 3,110,021 |
| Noncontrolling interest | 2,172 | 3,514 |
| Total equity | 2,558,104 | 3,113,535 |
| Total liabilities and equity | $ 4,564,040 | $ 5,590,434 |
Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. It also provides optimization, trade compliance, consulting, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline, which carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, technology, and industrial and manufacturing companies. Expeditors International of Washington, Inc. was incorporated in 1979 and is headquartered in Seattle, Washington.