Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD and were named to the NASDAQ-100 in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange NYSE, keeping the same symbol "EXPD".[4] During their first year as a public company, Expeditors reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors is currently #299 on the Fortune 500.[5] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[5]
They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by former CEO Peter Rose himself[citation needed], as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website.[6] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.[7]
Compensation structure
Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[8] "Each of the Company’s branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive-based compensation calculated directly from the operating income of that branch. This compensation structure ensures that the allocation of revenue and expense among components of services [...] are done in an objective manner on a fair value basis."