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Expeditors International of Washington, Inc. - EXPD STOCK NEWS

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Expeditors International of Washington, Inc. (Symbol: EXPD) is a leading global logistics company headquartered in Seattle, Washington. As a Fortune 500 company, Expeditors employs over 14,600 trained professionals across a network of more than 250 locations spanning six continents. The company excels in providing customized logistics solutions to meet the sophisticated needs of international trade through its seamless, integrated information systems.

Expeditors' core services include air and ocean freight consolidation and forwarding, customs brokerage, cargo insurance, vendor consolidation, distribution, and other value-added logistics services. These services are designed to ensure efficient and effective supply chain management for their customers. As a non-asset-based organization, Expeditors possesses considerable flexibility in managing customer supply chains, leveraging its strong relationships with local suppliers and global air and ocean partners to offer the best routing and pricing options.

Recent achievements for Expeditors include advancements in their IT systems and expanding their global reach with new office locations. They derive approximately 34% of their consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services. This diverse revenue stream highlights the company's strength and adaptability in the logistics sector.

At Expeditors, the focus is on being a solutions-based organization, taking the time to understand and meet each customer's unique business needs. The company's comprehensive range of services and global presence make it a significant player in the logistics industry, continuously adapting to the evolving market demands and technological advancements.

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Expeditors International (NYSE:EXPD) has declared a semi-annual cash dividend of $0.73 per share. The dividend will be paid on December 16, 2024, to shareholders of record as of December 2, 2024. The company operates as a global logistics provider with 176 district offices across six continents, offering services including air and ocean freight consolidation, customs brokerage, cargo insurance, warehousing, and customized logistics solutions.

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Expeditors International (NYSE:EXPD) reported strong Q3 2024 financial results, showing significant growth across all key metrics compared to Q3 2023. The company achieved a 41% increase in EPS to $1.63 and a 34% increase in Net Earnings to $230 million. Operating Income saw a 40% surge to $302 million, while revenues grew 37% to $3.0 billion. Operational performance was equally impressive, with airfreight tonnage up 19% and ocean container volume increasing by 12%.

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Expeditors International of Washington (NYSE:EXPD) reported its Q2 2024 financial results, showing mixed performance compared to Q2 2023. Diluted EPS decreased 5% to $1.24, while net earnings attributable to shareholders fell 11% to $175 million. Operating income declined 10% to $224 million, but revenues increased 9% to $2.4 billion. Airfreight tonnage volume saw a 15% increase, while ocean container volume decreased 3%.

The company faced challenges due to rapid changes in buy versus sell rates, particularly on exports from Asia. Air market capacity was constrained by e-commerce demand, and ocean routing was disrupted by geopolitical events in the Red Sea. Despite these challenges, Expeditors continued to adapt, focusing on cost control and efficiency improvements.

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Expeditors International of Washington, Inc. (NYSE: EXPD) declared a semi-annual cash dividend of $0.73 per share, payable on June 17, 2024, to shareholders of record as of June 3, 2024. Expeditors is a global logistics company based in Seattle, offering a range of services worldwide.

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Expeditors International of Washington, Inc. (NYSE: EXPD) reported a decrease in first-quarter 2024 financial results compared to the same period in 2023. Diluted Net Earnings per Share (EPS) dropped by 19% to $1.17, Net Earnings decreased by 25% to $169 million, Operating Income fell by 22% to $215 million, and Revenues declined by 15% to $2.2 billion. Despite challenges like global conflicts, inflation, and uncertain demand, the company saw an increase in airfreight tonnage volume by 4% and ocean container volume by 2%. Expeditors remains focused on efficiency and cost management to navigate the volatile industry landscape.

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Expeditors International of Washington, Inc. (NYSE: EXPD) reported a decrease in key financial metrics for the fourth quarter of 2023 compared to the same period in 2022. Diluted Net Earnings per share decreased by 21% to $1.09, Net Earnings decreased by 28% to $159 million, Operating Income decreased by 40% to $199 million, and Revenues decreased by 34% to $2.3 billion. The company cited market uncertainty due to global conflicts and cautious inventory management by shippers as contributing factors.
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Expeditors International of Washington, Inc. (EXPD) is transferring its common stock listing from Nasdaq to the New York Stock Exchange (NYSE) on November 21, 2023. The move aims to align with the NYSE, emphasizing the company's dedication to growth and long-term shareholder value. The global logistics company will continue to trade under the ticker symbol 'EXPD'.
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Expeditors International of Washington, Inc. (NASDAQ:EXPD) declares a semi-annual cash dividend of $0.69 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. The global logistics company is headquartered in Seattle, Washington and offers a wide range of services including air and ocean freight, customs brokerage, and warehousing.
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Expeditors International of Washington, Inc. (NASDAQ:EXPD) reported a significant decrease in financial performance for the third quarter of 2023 compared to the same period in 2022, with diluted net earnings per share down 54%, net earnings down 59%, operating income down 59%, and revenues down 50%. Airfreight and ocean container volumes also decreased by 14% and 15%, respectively. The company attributes these declines to a deceleration in demand, soft rates, and excess capacity in the shipping industry, as well as ongoing economic uncertainty and geopolitical instability.
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NASDAQ: EXPD - Expeditors International of Washington Announces 2nd Quarter 2023 Financial Results, Revenues Down 51%, Airfreight and Ocean Container Volume Decreased 15% and 13% Respectively
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FAQ

What is the current stock price of Expeditors International of Washington (EXPD)?

The current stock price of Expeditors International of Washington (EXPD) is $120.05 as of November 8, 2024.

What is the market cap of Expeditors International of Washington (EXPD)?

The market cap of Expeditors International of Washington (EXPD) is approximately 17.1B.

What services does Expeditors International provide?

Expeditors International provides air and ocean freight consolidation and forwarding, customs brokerage, cargo insurance, vendor consolidation, distribution, and other value-added logistics services.

Where is Expeditors International headquartered?

Expeditors International is headquartered in Seattle, Washington.

How many locations does Expeditors International operate?

Expeditors International operates over 250 locations worldwide across six continents.

What is Expeditors International's approach to managing customer supply chains?

As a non-asset-based organization, Expeditors International leverages its flexibility and strong relationships with local suppliers and global air and ocean partners to manage customer supply chains efficiently.

How does Expeditors International generate its revenue?

Expeditors generates around 34% of its consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.

How many employees does Expeditors International have?

Expeditors International employs over 14,600 trained professionals.

What kind of logistics solutions does Expeditors International offer?

Expeditors International offers customized logistics solutions to meet the sophisticated needs of international trade through seamless, integrated information systems.

Is Expeditors International a Fortune 500 company?

Yes, Expeditors International is a Fortune 500 company.

What makes Expeditors International a significant player in the logistics sector?

Expeditors' comprehensive range of services, strong global presence, and focus on understanding and meeting each customer's unique needs make it a significant player in the logistics sector.

What recent achievements has Expeditors International made?

Recent achievements for Expeditors include advancements in their IT systems and expanding their global reach with new office locations.

Expeditors International of Washington, Inc.

NYSE:EXPD

EXPD Rankings

EXPD Stock Data

17.07B
141.13M
0.76%
95.46%
2.59%
Integrated Freight & Logistics
Arrangement of Transportation of Freight & Cargo
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United States of America
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