Stock Report: Expeditors International of Washington Inc. (EXPD) Report Updated: May 20, 2013 | Print This Page

Expeditors International of Washington, Inc. provides logistics services in the United States and internationally. The company’s services include consolidation or forwarding of air and ocean freight; distribution management; vendor consolidation; cargo insurance; purchase order management; and customized logistics information. Its airfreight services comprise the procurement of shipments from its customers; determination of the routing; consolidation of shipments bound for a particular airport distribution point; and selection of airline for transportation to the distribution point. The company also offers breakbulk services, which comprise receiving and breaking down consolidated airfreight lots; and arranging for distribution of the individual shipments. Its ocean freight and ocean services consist of ocean freight consolidation; and handling full container loads and soliciting less-than container load. In addition, the company assists importers to clear shipments through customs by preparing required documentation; calculates and provides for payment of duties on behalf of the importer; arranges for any required inspections by governmental agencies; and arranges for delivery, as well as for packing and crating services, procuring insurance, and providing consultation. Further, it provides other value added services at destination, such as warehousing and product distribution, time definite transportation, and inventory management. Additionally, the company offers custom clearances for goods moving by rail and truck between the United States, Canada, and/or Mexico; and customs consulting services. Its customers primarily include retailers and distributors of consumer electronics, department store chains, clothing and shoe wholesalers, manufacturers, and catalogue stores. Expeditors International of Washington, Inc. was founded in 1979 and is based in Seattle, Washington.