TacticScaleWhat Expeditors International of Washington Does & How It Makes Money (EXPD)
Updated October 2026 · reflects Expeditors International of Washington's latest reported financials
Global freight forwarder arranging air, ocean shipping and customs brokerage. It earns fees and margins by buying cargo space from airlines and ocean carriers and consolidating customer shipments, or by acting as the airline's agent.
How Expeditors International of Washington makes money
It earns fees and margins by buying cargo space from airlines and ocean carriers and consolidating customer shipments, or by acting as the airline's agent. It also charges fees for customs brokerage, warehousing, distribution and related services such as insurance and documentation.
What Expeditors International of Washington does
Expeditors International of Washington is a global logistics company founded in 1979 and based in Bellevue, Washington. It operates across the Americas, North Asia, South Asia, Europe, and the Middle East, Africa and India. Its core business is arranging air and ocean freight for shippers. It does this either by consolidating many customers' cargo into larger shipments or by acting as an agent for airlines. On top of transportation, the company provides customs brokerage, import services, ground delivery, warehousing and distribution. It also offers purchase order management, vendor consolidation, temperature-controlled transit, cargo tracking, cargo insurance and security, and trade compliance consulting. It prepares shipping and customs documents as well, so it can serve as an outsourced international trade and supply chain partner for its customers.
Products & services
- Airfreight consolidation and forwarding
- Ocean freight consolidation and direct forwarding
- Customs brokerage and clearance
- Warehousing and distribution
- Purchase order management and vendor consolidation
- Trade compliance consulting and cargo insurance
What is Expeditors International of Washington worth?
On an owner-earnings DCF, Expeditors International of Washington's most-likely value is about $113 versus a recent price near $193 (42% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$68) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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