Expeditors Announces Listing Transfer to New York Stock Exchange

Rhea-AI Summary

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'.

SEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market LLC (“Nasdaq”). Expeditors’ common stock is expected to begin trading on the NYSE on Tuesday, November 21, 2023, and will continue to be traded under its current ticker symbol “EXPD." Expeditors’ common stock is expected to continue to trade on Nasdaq until the close of the market on Monday, November 20, 2023.

“After 40+ years dedicated to our people, our communities, and our shareholders, we believe it is fitting that we align ourselves with the New York Stock Exchange, which has been the exchange of choice for so many of the world’s leading publicly traded corporations for more than 200 years,” said Jeffrey S. Musser, President and Chief Executive Officer. “We look forward to partnering with the NYSE as we continue to grow our company and generate long-term value for our shareholders.”

Lynn Martin, NYSE President, added, “We’re thrilled to welcome Expeditors to the New York Stock Exchange. With 70% of the S&P 500 listed on the NYSE, Expeditors will feel right at home with their large-cap peers who continue to set the pace for global innovation.”

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231109901596/en/

Expeditors International of Washington, Inc.

Jeffrey S. Musser

President and Chief Executive Officer

(206) 674-3433

Bradley S. Powell

Senior Vice President and Chief Financial Officer

(206) 674-3412

Geoffrey Buscher

Director - Investor Relations

(206) 892-4510

Source: Expeditors International of Washington, Inc.

What is the reason behind Expeditors International of Washington, Inc.'s (EXPD) transfer of its common stock listing to the New York Stock Exchange?

The company aims to align itself with the NYSE, emphasizing its dedication to growth and long-term shareholder value.

When will Expeditors International of Washington, Inc.'s (EXPD) common stock begin trading on the NYSE?

The common stock is expected to begin trading on the NYSE on Tuesday, November 21, 2023.

Under what ticker symbol will Expeditors International of Washington, Inc.'s (EXPD) common stock continue to trade?

The common stock will continue to trade under its current ticker symbol 'EXPD'.

What services does Expeditors International of Washington, Inc. (EXPD) provide?

Services include air and ocean freight consolidation, customs brokerage, cargo insurance, warehousing, and distribution, among others.

Where is Expeditors International of Washington, Inc. (EXPD) headquartered?

The company is headquartered in Seattle, Washington.