{"slug":"expeditors-international","name":"익스페디터스 인터내셔널","name_en":"Expeditors International of Washington, Inc.","ticker":"EXPD","updated_at":"2026-09-24T11:01:54.819949+00:00","canonical":"https://valuechain.wiki/expeditors-international","citable":"밸류체인 그래프 기준 익스페디터스 인터내셔널의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 2)이고, 사슬을 2차까지 넓히면 2곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, Expeditors International of Washington, Inc. is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 2 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"자산경량 국제물류","kicker_en":"Asset-light global logistics","lead":"익스페디터스는 항공사와 선사에서 운송 용량을 대량 매입해 고객에게 재판매하고, 통관·주문관리·창고·유통 서비스를 제공해 매출을 얻는다. 주요 비용은 항공·해상 운송 용량과 육상 운송 조달이며, 디지털 물류 플랫폼에는 선별적으로 투자한다.","lead_en":"Expeditors earns revenue by purchasing air and ocean freight capacity in volume and reselling it to customers, alongside customs brokerage, order management, warehousing and distribution services. Its main costs are carrier capacity and ground transportation, while it invests selectively in digital logistics platforms.","categories":[{"key":"transport-logistics","ko":"운송·물류","en":"Transport & Logistics","theme":"industrial-infrastructure","theme_ko":"산업 인프라·중공업","theme_en":"Industrial Infrastructure & Heavy Industry","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"항공화물 서비스","note":"FY2025 총매출의 36%. 항공사에서 매입한 화물 용량을 고객 화물과 연결하는 서비스"},{"name":"해상화물 및 해상 서비스","note":"FY2025 총매출의 25%. 선사 용량 조달, 화물 혼재와 관련 해상운송 서비스"},{"name":"통관 및 기타 서비스","note":"FY2025 총매출의 39%. 통관, 주문관리, 창고, 유통과 육상운송 포함"}],"total":"FY2025 총매출 110억 6,900만 9,000달러 (SEC 10-K XBRL, 2026-02-25 제출)","track":"C"},"segments_en":{"parts":[{"name":"Airfreight Services","note":"36% of FY2025 total revenue. Connects customer freight with cargo capacity purchased from airlines"},{"name":"Ocean Freight and Ocean Services","note":"25% of FY2025 total revenue. Includes ocean carrier capacity procurement, consolidation and related services"},{"name":"Customs Brokerage and Other Services","note":"39% of FY2025 total revenue. Includes customs brokerage, order management, warehousing, distribution and ground transportation"}],"total":"US$11.069009 billion of total revenue in FY2025 (SEC 10-K XBRL, filed February 25, 2026)"},"returns_yearly":{"2021":42.5,"2022":-21.7,"2023":23.9,"2024":-11.9,"2025":36.2,"2026":27.4},"return_asof":"2026-09-04","value_chain":{"leading":[{"slug":"home-depot","name":"홈디포","name_en":"The Home Depot, Inc.","tier":1,"returns_yearly":{"2021":59.5,"2022":-22,"2023":12.8,"2024":15,"2025":-9.3,"2026":-13.7}},{"slug":"nissan-motor","name":"닛산자동차","name_en":"Nissan Motor","tier":1,"returns_yearly":{"2021":14.2,"2022":-23,"2023":30.6,"2024":-25.4,"2025":-11.8,"2026":-24.7}}],"benefiting":[],"analysis":"자산경량 국제물류 기업. 2026년 +27.4%다. 본주(+27.4%)와 수요단(평균 -10.6%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 홈디포(-4.7%), 가장 처진 곳은 닛산자동차(-16.5%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"Expeditors International of Washington, Inc. operates across Asset-light global logistics. It is +27.4% in 2026. The stock (+27.4%) and its demand side (avg -10.6%) are moving in step. Among connected nodes the furthest ahead is The Home Depot, Inc. (-4.7%) and the furthest behind is Nissan Motor (-16.5%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its main costs are carrier capacity and ground transportation, while it invests selectively in digital logistics platforms.","analysis_asof":"2026-09-04"},"edges":[{"direction":"revenue","counterparty":"홈디포","counterparty_slug":"home-depot","confidence":"high","metric":{"type":"count","unit":"containers","as_of":"2018-02-07","basis":"홈디포 중국 공급사 원산지 화물관리에서 수 주 동안 처리한 컨테이너의 공개 최소치","value":4500,"period":"2017 response period","basis_en":"Publicly disclosed minimum number of containers handled over several weeks for Home Depot's China-origin cargo management","qualifier":"at_least"},"note":"익스페디터스는 홈디포의 중국 공급사 원산지 화물관리를 전담해 수 주 동안 4,500개가 넘는 컨테이너를 처리했다. 양사는 당시 이미 10년 넘게 전략적 물류관계를 유지했고, 홈디포는 이 성과를 근거로 익스페디터스를 2017년 국제 파트너로 선정했다.","note_en":"Expeditors assumed origin cargo management for The Home Depot's China suppliers and handled more than 4,500 containers over several weeks. The companies had already maintained a strategic logistics relationship for more than ten years, and Home Depot named Expeditors its 2017 International Partner of the Year based on this performance.","sources":[{"stance":"confirms","publisher":"익스페디터스","publisher_en":"Expeditors","kind":"news","lang":"en","published_at":"2018-02-07","url":"https://info.expeditors.com/horizon/expeditors-named-the-international-partner-of-the-year-by-the-home-depot","title":"홈디포, 익스페디터스를 올해의 국제 파트너로 선정","title_en":"Expeditors Named the International Partner of the Year by The Home Depot","excerpt":"수 주 동안 4,500개가 넘는 컨테이너를 성공적으로 관리했다.","excerpt_en":"More than 4,500 containers were successfully managed over the course of several weeks."}]},{"direction":"revenue","counterparty":"닛산자동차","counterparty_slug":"nissan-motor","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2017-05-24","basis":"닛산 통관·규정준수 및 적시생산 수입 서비스 매출","value":null,"period":"1993-2017","basis_en":"Revenue from customs, compliance and just-in-time import services provided to Nissan","qualifier":"confirmed_no_disclosed_value"},"note":"익스페디터스는 1993년 일본에서 미국으로 들어오는 닛산 차량과 서비스 부품의 통관 중개로 거래를 시작했다. 이후 고물량 적시생산 수입, 제조사업장과 기술센터 등으로 서비스 범위가 확대됐으며, 닛산은 2017년 익스페디터스에 사업확장상을 수여했다.","note_en":"Expeditors began serving Nissan in 1993 as customs broker for vehicles and service parts shipped from Japan to the United States. The relationship expanded to high-volume just-in-time imports, manufacturing operations and a technical center, and Nissan presented Expeditors with a Business Expansion Award in 2017.","sources":[{"stance":"confirms","publisher":"익스페디터스","publisher_en":"Expeditors","kind":"news","lang":"en","published_at":"2017-05-24","url":"https://info.expeditors.com/nissan-customs-and-compliance","title":"닛산: 통관 및 규정준수","title_en":"Nissan - Customs and Compliance","excerpt":"익스페디터스는 1993년 닛산의 통관 중개사로 업무를 시작했다.","excerpt_en":"Expeditors began working as Nissan's customs broker in 1993."}]},{"direction":"cost","counterparty":"Lufthansa Cargo","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-07-03","basis":"루프트한자 카고에서 조달한 항공화물 용량 비용","value":null,"period":"2024 comprehensive agreement","basis_en":"Cost of airfreight capacity procured from Lufthansa Cargo","qualifier":"confirmed_no_disclosed_value"},"note":"익스페디터스는 루프트한자 카고와 항공화물 운송 용량을 조달하는 글로벌 관계를 맺고 있으며, 양사는 2024년 포괄계약으로 협업을 재정의했다. 루프트한자 카고의 2025년 우수상 발표가 특정 거래관계를 확인하고, 익스페디터스의 10-K는 항공사 용량을 대량 매입해 매출원가성 영업비용으로 인식하는 구조를 교차 확인한다.","note_en":"Expeditors maintains a global relationship with Lufthansa Cargo for airfreight capacity, and the companies redefined their collaboration under a comprehensive agreement in 2024. Lufthansa Cargo's 2025 excellence award release identifies the specific relationship, while Expeditors' 10-K confirms that airline capacity is purchased in volume and recognized as operating expense tied to the service.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-25","url":"https://www.sec.gov/Archives/edgar/data/746515/000119312526071569/expd-20251231.htm","title":"EXPEDITORS INTERNATIONAL OF WASHINGTON INC 10-K (2026-02-25)","title_en":"EXPEDITORS INTERNATIONAL OF WASHINGTON INC 10-K (2026-02-25)","excerpt":"화물 혼재업자로 일할 때 항공사에서 운송 용량을 대량으로 매입한다.","excerpt_en":"When acting as a freight consolidator, we purchase cargo capacity from airlines on a volume basis."},{"stance":"confirms","publisher":"루프트한자 카고","publisher_en":"Lufthansa Cargo","kind":"news","lang":"en","published_at":"2025-07-03","url":"https://www.mynewsdesk.com/lufthansa-cargo-ag/pressreleases/lufthansa-cargo-honors-expeditors-with-the-excellence-award-2024-3395444","title":"루프트한자 카고, 익스페디터스에 2024 우수상 수여","title_en":"Lufthansa Cargo honors Expeditors with the Excellence Award 2024","excerpt":"2024년 글로벌 협업은 포괄계약에 따라 새롭게 정의됐다.","excerpt_en":"In 2024, the global collaboration was redefined under a comprehensive agreement."},{"stance":"confirms","publisher":"코리아쉬핑가제트","publisher_en":"Korea Shipping Gazette","kind":"news","lang":"ko","published_at":"2017-06-13","url":"https://www.ksg.co.kr/news/main_newsView.jsp?bbsID=news&bbsCategory=KSG&categoryCode=all&backUrl=main_news&pNum=113679","title":"루프트한자카고, 최고 포워더에 판알피나 선정","title_en":"Lufthansa Cargo Names Panalpina Its Top Forwarder","excerpt":"루프트한자카고는 총 12개의 기업을 글로벌 파트너로 선정·운영하고 있으며 익스피다이터스가 그중 하나로 활동 중이라고 밝혔다.","excerpt_en":"Lufthansa Cargo said it operates a group of twelve global partners and identified Expeditors as one of them."}]},{"direction":"cost","counterparty":"Averitt","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-12-22","basis":"Averitt가 지원한 익스페디터스 전용 운송 운영의 조달 비용","value":null,"period":"FY2025","basis_en":"Procurement cost for Averitt's support of Expeditors' dedicated transportation operations","qualifier":"confirmed_no_disclosed_value"},"note":"익스페디터스는 전용 육상운송 운영에 Averitt의 운송 서비스를 사용한다. 익스페디터스가 2025년 운영 우수상을 수여한 사실로 공급관계와 서비스 성과는 확인되지만, 상대별 운송비는 공개되지 않았다.","note_en":"Expeditors uses Averitt's transportation services in its dedicated ground-transportation operations. Expeditors' 2025 Excellence in Operations award confirms the supplier relationship and service performance, but counterparty-specific transportation spend is not disclosed.","sources":[{"stance":"confirms","publisher":"Averitt","publisher_en":"Averitt","kind":"news","lang":"en","published_at":"2025-12-22","url":"https://www.averitt.com/news/excellence-in-operations-transportations-expeditors-award","title":"Averitt, 익스페디터스의 2025 운영·운송 우수상 수상","title_en":"Averitt Awarded 2025 Excellence in Operations, Transportations from Expeditors","excerpt":"이 표창은 익스페디터스 전용 운송 운영을 지원한 Averitt의 성과를 반영한다.","excerpt_en":"The recognition reflects Averitt's performance in supporting Expeditors' dedicated transportation operations."}]},{"direction":"investment","counterparty":"Fleet Logistics Digital Platform","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2020-05-26","basis":"Fleet Logistics 디지털 플랫폼 인수대금","value":null,"period":"2020 acquisition","basis_en":"Acquisition consideration for Fleet Logistics' digital platform","qualifier":"confirmed_no_disclosed_value"},"note":"익스페디터스는 중소 화주용 디지털 화물예약 서비스 Koho를 강화하기 위해 Fleet Logistics의 디지털 플랫폼을 인수했다. 거래조건은 공개하지 않았으며, Supply Chain Dive는 전통 포워더가 디지털 역량을 자체 개발하거나 인수하는 선택지 가운데 이번 거래를 분석했다.","note_en":"Expeditors acquired Fleet Logistics' digital platform to strengthen Koho, its digital freight-booking service for small shippers. Transaction terms were not disclosed, and Supply Chain Dive analyzed the deal as part of the build-or-buy choice facing traditional forwarders expanding their digital capabilities.","sources":[{"stance":"confirms","publisher":"Supply Chain Dive","publisher_en":"Supply Chain Dive","kind":"analysis","lang":"en","published_at":"2020-05-27","url":"https://www.supplychaindive.com/news/expeditors-international-acquires-fleet-logistics/578684/","title":"익스페디터스, LTL 강화를 위해 Fleet Logistics 디지털 플랫폼 인수","title_en":"Expeditors acquires digital platform from Fleet Logistics to enhance LTL","excerpt":"익스페디터스 인터내셔널은 공개되지 않은 금액에 Fleet Logistics의 디지털 포워딩 플랫폼을 인수했으며, 이를 기존 LTL 플랫폼 Koho에 통합할 예정이다.","excerpt_en":"Freight forwarder Expeditors International has acquired Fleet Logistics' digital-forwarding platform for an undisclosed sum."},{"stance":"confirms","publisher":"익스페디터스 인터내셔널","publisher_en":"Expeditors International of Washington, Inc.","kind":"ir","lang":"en","published_at":"2020-05-26","url":"https://investor.expeditors.com/press-releases/2020/05-26-2020-211449581","title":"익스페디터스, Fleet Logistics 디지털 플랫폼 인수","title_en":"Expeditors Acquires Fleet Logistics' Digital Platform","excerpt":"Fleet Logistics의 디지털 플랫폼을 인수했다고 발표했다.","excerpt_en":"It has acquired Fleet Logistics' Digital Platform."}]}]}