Expeditors International of Washington Inc (NASDAQ: EXPD) is a global logistics and freight forwarding company that arranges the international transportation of goods by air and ocean on behalf of its customers. It makes money on the spread between what it charges customers for cargo capacity and ancillary services and what it pays to carriers, airlines, and other service providers. Within airfreight, Expeditors acts either as a consolidator, purchasing cargo capacity from airlines in bulk and reselling it at lower rates than customers could negotiate individually, or as a freight forwarder, arranging transportation for individual unconsolidated shipments. The company offers customers routing expertise, knowledge of export and import documentation and procedures, and the ability to secure capacity during periods of high demand. Ocean freight and ocean services round out its core transportation offerings.

Revenue model

Transactional spread model: Expeditors earns the difference between rates charged to customers for cargo capacity and rates paid to airlines and ocean carriers. Additional revenue comes from ancillary services such as customs brokerage, documentation, and cargo handling arranged on behalf of shippers.

Products and services

Airfreight consolidation, airfreight forwarding, ocean freight, ocean services, customs brokerage, export and import documentation, cargo routing, ancillary logistics services.

Customers and end markets

Importers and exporters requiring international freight transportation. No specific customer concentration data or end-market breakdown is supported by the filing excerpts provided.

Value-chain role

Non-asset-based freight intermediary sitting between shippers and carriers. Acts as consolidator purchasing bulk airline capacity and reselling to customers, and as forwarding agent arranging carrier transportation for individual shipments.

Geographic exposure

Global operations with international freight forwarding focus. Specific country or regional revenue breakdowns are not supported by the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-25

Industry: Arrangement of Transportation of Freight & Cargo Peers: Air Transport Services Group, Inc. ATLAS AIR WORLDWIDE HOLDINGS INC CH Robinson Worldwide Inc FedEx Corp Forward Air Corp (Delaware) Radiant Logistics Inc GXO Logistics Inc Hub Group Inc United Parcel Service Inc