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Expeditors International Of Washington Inc's Business Segments
Expeditors International Of Washington Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
6
Largest Segment
Airfreight Services
Total Revenue
$ 3,502
Regions Reported
6
Revenue Share by Reportable Segment - FY
- Airfreight Services72.1%
- Customs Brokerage and Other Services69.9%
- US60.5%
- Ocean Freight and Ocean Services37.4%
- Member28.3%
- Intersegment Elimination0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Airfreight Services | $ 2,526 | 72.1% |
| Customs Brokerage and Other Services | $ 2,450 | 69.9% |
| US | $ 2,119 | 60.5% |
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Revenue Share by Region - FY
- North Asia Segment21.7%
- Europe16.1%
- South Asia Segment15.2%
- EMEA6%
- Other North America Segment4.7%
- Latin America2.1%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| North Asia Segment | $ 603 | 21.7% |
| Europe | $ 449 | 16.1% |
| South Asia Segment | $ 423 | 15.2% |
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Revenue by Product & Service Category - FY
- Customs Brokerage and Other Services41.4%
- Airfreight Services37%
- Ocean Freight and Ocean Services21.5%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Customs Brokerage and Other Services | $ 1,153 | 41.4% |
| Airfreight Services | $ 1,031 | 37% |
| Ocean Freight and Ocean Services | $ 599 | 21.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Airfreight Services72.1%
- Customs Brokerage and Other Services69.9%
- US60.5%
- Ocean Freight and Ocean Services37.4%
- Member28.3%
- Intersegment Elimination0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Airfreight Services | $ 2,526 | 72.1% |
| Customs Brokerage and Other Services | $ 2,450 | 69.9% |
| US | $ 2,119 | 60.5% |
3 more segments available
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Description of Expeditors International Of Washington Inc
Business Description of Expeditors International of Washington, Inc.
Expeditors International of Washington, Inc. is a leading global logistics services company that specializes in handling the complex details of international freight forwarding and supply chain management. Established in May 1979 and headquartered in Seattle, Washington, Expeditors has grown to become a significant player in the logistics industry, providing a comprehensive suite of services designed to facilitate the movement and strategic positioning of goods worldwide.
At its core, Expeditors offers seamless, integrated logistics solutions that enable customers to manage their supply chain efficiently. These services encompass air and ocean freight forwarding, where the company consolidates shipments, determines optimal routing, and selects appropriate transportation methods. The company is recognized for its proficiency in customs brokerage, providing expertise in compliance with international trade regulations and ensuring smooth clearance of shipments through customs.
Expeditors operates an extensive network that connects various global markets, allowing the company to cater to a diverse range of customers across different industries and geographical regions. While the company initially focused on airfreight shipments from Asia to the United States, it expanded its service offerings in the mid-1980s to include ocean freight, export airfreight, and value-added services such as distribution management, vendor consolidation, cargo insurance, and purchase order management.
The company distinguishes itself by emphasizing flexibility and a customer-centric approach. It carefully considers the logistics needs of both importers and exporters to create tailored solutions that enhance the efficiency of their operations. By fostering strong relationships with both domestic importers and overseas suppliers, Expeditors ensures that its marketing and service delivery strategies effectively address the unique challenges faced by its clients.
A key aspect of Expeditors’ business model is its reliance on knowledgeable local managers and personnel who possess significant expertise in global logistics. This localized knowledge enables the company to provide exceptional customer service and navigate the complexities of international trade. All employees are trained to prioritize customer relations, ensuring timely and efficient service that meets or exceeds client expectations.
Expeditors also places significant emphasis on technological innovation. As the logistics industry increasingly leans towards digital solutions, the company has invested in advanced systems that enhance operational efficiency and improve customer service. Custom Electronic Data Interchange (EDI) systems and real-time freight tracking applications provide clients with critical insights into their shipments, significantly enhancing visibility across the supply chain.
In terms of competitive landscape, Expeditors operates within a highly competitive global logistics services industry characterized by numerous players ranging from niche market specialists to larger multinational firms. The company competes primarily on the basis of service quality and operational reliability while maintaining competitive pricing.
Management recognizes the importance of adapting to evolving market demands and has consistently developed innovative solutions tailored to customer needs. This proactive approach is essential in an environment where customers are increasingly adopting sophisticated logistics strategies, such as just-in-time inventory management.
In summary, Expeditors International of Washington, Inc. stands as a prominent provider of global logistics services, leveraging its extensive network, commitment to customer service, and technological capabilities to ensure the efficient and effective movement of goods across borders. Its continuous focus on innovation and customer-centric solutions positions the company for sustained growth and success in the dynamic logistics marketplace.
Expeditors International of Washington, Inc. is a leading global logistics services company that specializes in handling the complex details of international freight forwarding and supply chain management. Established in May 1979 and headquartered in Seattle, Washington, Expeditors has grown to become a significant player in the logistics industry, providing a comprehensive suite of services designed to facilitate the movement and strategic positioning of goods worldwide.
At its core, Expeditors offers seamless, integrated logistics solutions that enable customers to manage their supply chain efficiently. These services encompass air and ocean freight forwarding, where the company consolidates shipments, determines optimal routing, and selects appropriate transportation methods. The company is recognized for its proficiency in customs brokerage, providing expertise in compliance with international trade regulations and ensuring smooth clearance of shipments through customs.
Expeditors operates an extensive network that connects various global markets, allowing the company to cater to a diverse range of customers across different industries and geographical regions. While the company initially focused on airfreight shipments from Asia to the United States, it expanded its service offerings in the mid-1980s to include ocean freight, export airfreight, and value-added services such as distribution management, vendor consolidation, cargo insurance, and purchase order management.
The company distinguishes itself by emphasizing flexibility and a customer-centric approach. It carefully considers the logistics needs of both importers and exporters to create tailored solutions that enhance the efficiency of their operations. By fostering strong relationships with both domestic importers and overseas suppliers, Expeditors ensures that its marketing and service delivery strategies effectively address the unique challenges faced by its clients.
A key aspect of Expeditors’ business model is its reliance on knowledgeable local managers and personnel who possess significant expertise in global logistics. This localized knowledge enables the company to provide exceptional customer service and navigate the complexities of international trade. All employees are trained to prioritize customer relations, ensuring timely and efficient service that meets or exceeds client expectations.
Expeditors also places significant emphasis on technological innovation. As the logistics industry increasingly leans towards digital solutions, the company has invested in advanced systems that enhance operational efficiency and improve customer service. Custom Electronic Data Interchange (EDI) systems and real-time freight tracking applications provide clients with critical insights into their shipments, significantly enhancing visibility across the supply chain.
In terms of competitive landscape, Expeditors operates within a highly competitive global logistics services industry characterized by numerous players ranging from niche market specialists to larger multinational firms. The company competes primarily on the basis of service quality and operational reliability while maintaining competitive pricing.
Management recognizes the importance of adapting to evolving market demands and has consistently developed innovative solutions tailored to customer needs. This proactive approach is essential in an environment where customers are increasingly adopting sophisticated logistics strategies, such as just-in-time inventory management.
In summary, Expeditors International of Washington, Inc. stands as a prominent provider of global logistics services, leveraging its extensive network, commitment to customer service, and technological capabilities to ensure the efficient and effective movement of goods across borders. Its continuous focus on innovation and customer-centric solutions positions the company for sustained growth and success in the dynamic logistics marketplace.
Expeditors International of Washington, Inc. is a global logistics company that provides a wide array of services in supply chain management. The company operates across several segments, each offering specialized products and services aimed at enhancing the efficiency of freight forwarding and logistics processes. Each segment is designed to meet diverse customer needs by leveraging partnerships with carriers and utilizing advanced technology.
1. Airfreight Services
Expeditors primarily operates as both a freight consolidator and an agent for airlines in its airfreight segment. The airfreight services include:
- Freight Consolidation: The company purchases cargo space on a volume basis from airlines, which allows it to offer reduced rates to customers. This consolidation not only makes shipping more cost-effective but also helps in optimizing routing.
- Individual Shipment Handling: For shipments that do not benefit from consolidation, Expeditors acts on behalf of airlines, efficiently forwarding individual shipments.
- Routing and Documentation: Expeditors provides customers with expertise in determining optimal routing, preparing requisite export and import documentation, and ensuring compliance with local customs procedures.
- Ancillary Services: The company arranges various ancillary services including packing, crating, insurance, and the negotiation of letters of credit, as well as assisting with export laws.
- Breakbulk Services: Expeditors handles the breaking down of consolidated airfreight lots and coordinates the distribution of individual shipments, generating revenue through commissions and service fees.
Ocean Freight and Ocean Services
This segment provides a range of ocean freight forwarding services including:
- Less-than-Container Load (LCL) and Full Container Load (FCL): The company specializes in consolidating LCL shipments from various vendors to fill up containers efficiently, thus reducing costs for customers who don’t have enough volume to book a full container. They also handle full container loads for clients with larger volumes.
- Non-Vessel Operating Common Carrier (NVOCC): Expeditors operates its subsidiary, Expeditors International Ocean (EIO), under this model, contracting with shipping lines to secure better rates and provide a variety of services to manage ocean transport.
- Expeditors Cargo Management Systems (ECMS): This proprietary system aids in ocean consolidation and allows high-volume customers to manage their shipping operations via a sophisticated software solution, streamlining access to data from the consolidation process.
- Ancillary Ocean Services: Similar to its airfreight operations, Expeditors offers additional services such as documentation preparation, insurance procurement, and consultation, which enhance the ocean freight experience.
Customs Brokerage and Other Services
Expeditors provides extensive customs brokerage services that include:
- Custom Clearance and Documentation: Assisting importers in preparing necessary documentation for customs clearance, calculating duties, and arranging for inspections.
- Value-Added Services: These include warehousing, inventory management, time-definite transportation, and product distribution that complement the customs brokerage function.
- Cross-Border Customs Services: The company provides customs clearance for rail and trucking operations, especially between the USA, Canada, and Mexico, ensuring compliance with necessary regulations.
- Tradewin Services: Through its wholly-owned subsidiary, Expeditors Tradewin, LLC, the company offers high-end customs consulting services, helping businesses navigate complex customs laws and compliance requirements.
Technology and Innovation
Expeditors embraces technology as an integral part of its operation to enhance efficiency and customer service:
- Global Operations Control Center: The company utilizes advanced tracking and management systems to oversee its operations globally, ensuring the timely delivery of shipments.
- Data Management and Analytics: By leveraging data, Expeditors can optimize supply chain decisions, forecast demand, and improve service delivery, ultimately adding value to their clients’ operations.
Conclusion
Expeditors International of Washington, Inc. stands out in the logistics and supply chain industry through its comprehensive suite of airfreight, ocean freight, customs brokerage, and technology services. With a focus on efficiency, cost savings, and customer satisfaction, the company uniquely positions itself to meet the shipping needs of businesses across various industries.
1. Airfreight Services
Expeditors primarily operates as both a freight consolidator and an agent for airlines in its airfreight segment. The airfreight services include:
- Freight Consolidation: The company purchases cargo space on a volume basis from airlines, which allows it to offer reduced rates to customers. This consolidation not only makes shipping more cost-effective but also helps in optimizing routing.
- Individual Shipment Handling: For shipments that do not benefit from consolidation, Expeditors acts on behalf of airlines, efficiently forwarding individual shipments.
- Routing and Documentation: Expeditors provides customers with expertise in determining optimal routing, preparing requisite export and import documentation, and ensuring compliance with local customs procedures.
- Ancillary Services: The company arranges various ancillary services including packing, crating, insurance, and the negotiation of letters of credit, as well as assisting with export laws.
- Breakbulk Services: Expeditors handles the breaking down of consolidated airfreight lots and coordinates the distribution of individual shipments, generating revenue through commissions and service fees.
Ocean Freight and Ocean Services
This segment provides a range of ocean freight forwarding services including:
- Less-than-Container Load (LCL) and Full Container Load (FCL): The company specializes in consolidating LCL shipments from various vendors to fill up containers efficiently, thus reducing costs for customers who don’t have enough volume to book a full container. They also handle full container loads for clients with larger volumes.
- Non-Vessel Operating Common Carrier (NVOCC): Expeditors operates its subsidiary, Expeditors International Ocean (EIO), under this model, contracting with shipping lines to secure better rates and provide a variety of services to manage ocean transport.
- Expeditors Cargo Management Systems (ECMS): This proprietary system aids in ocean consolidation and allows high-volume customers to manage their shipping operations via a sophisticated software solution, streamlining access to data from the consolidation process.
- Ancillary Ocean Services: Similar to its airfreight operations, Expeditors offers additional services such as documentation preparation, insurance procurement, and consultation, which enhance the ocean freight experience.
Customs Brokerage and Other Services
Expeditors provides extensive customs brokerage services that include:
- Custom Clearance and Documentation: Assisting importers in preparing necessary documentation for customs clearance, calculating duties, and arranging for inspections.
- Value-Added Services: These include warehousing, inventory management, time-definite transportation, and product distribution that complement the customs brokerage function.
- Cross-Border Customs Services: The company provides customs clearance for rail and trucking operations, especially between the USA, Canada, and Mexico, ensuring compliance with necessary regulations.
- Tradewin Services: Through its wholly-owned subsidiary, Expeditors Tradewin, LLC, the company offers high-end customs consulting services, helping businesses navigate complex customs laws and compliance requirements.
Technology and Innovation
Expeditors embraces technology as an integral part of its operation to enhance efficiency and customer service:
- Global Operations Control Center: The company utilizes advanced tracking and management systems to oversee its operations globally, ensuring the timely delivery of shipments.
- Data Management and Analytics: By leveraging data, Expeditors can optimize supply chain decisions, forecast demand, and improve service delivery, ultimately adding value to their clients’ operations.
Conclusion
Expeditors International of Washington, Inc. stands out in the logistics and supply chain industry through its comprehensive suite of airfreight, ocean freight, customs brokerage, and technology services. With a focus on efficiency, cost savings, and customer satisfaction, the company uniquely positions itself to meet the shipping needs of businesses across various industries.