Asset-light global logistics
Expeditors International of Washington, Inc.
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.
Business categories Transport & Logistics · Industrial Infrastructure & Heavy Industry · primary
EXPD Updated Sep 24, 2026 3 AI consumers· 2 recurring
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).
Financials & Segments
- Total revenue · US$11.069009 billion of total revenue in FY2025 (SEC 10-K XBRL, filed February 25, 2026)
- Segments · Airfreight Services · Ocean Freight and Ocean Services · Customs Brokerage and Other Services
Revenue from
- The Home Depot, Inc. High confidence· Count 4,500 containers · 2017 response period · Publicly disclosed minimum number of containers handled over several weeks for Home Depot's China-origin cargo management
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.Confirms EN Expeditors Published Feb 7, 2018: Expeditors Named the International Partner of the Year by The Home Depot - Nissan Motor High confidence
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.
Pays to
- Lufthansa Cargo High confidence
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.Confirms EN SEC EDGAR Published Feb 25, 2026: EXPEDITORS INTERNATIONAL OF WASHINGTON INC 10-K (2026-02-25)Confirms EN Lufthansa Cargo Published Jul 3, 2025: Lufthansa Cargo honors Expeditors with the Excellence Award 2024Confirms KO Korea Shipping Gazette Published Jun 13, 2017: Lufthansa Cargo Names Panalpina Its Top Forwarder - Averitt High confidence
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.Confirms EN Averitt Published Dec 22, 2025: Averitt Awarded 2025 Excellence in Operations, Transportations from Expeditors
Investments
- Fleet Logistics Digital Platform High confidence
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.Confirms EN Supply Chain Dive Published May 27, 2020: Expeditors acquires digital platform from Fleet Logistics to enhance LTLConfirms EN Expeditors International of Washington, Inc. Published May 26, 2020: Expeditors Acquires Fleet Logistics' Digital Platform
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| The Home Depot, Inc. | lead1 | +59.5 | -22 | +12.8 | +15 | -9.3 | -13.7 |
| Nissan Motor | lead1 | +14.2 | -23 | +30.6 | -25.4 | -11.8 | -24.7 |
| Expeditors International of Washington, Inc. | node | +42.5 | -21.7 | +23.9 | -11.9 | +36.2 | +27.4 |
YTD as of 2026-09-04 · source: Yahoo Finance
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 generated from returns as of 2026-09-04← All companiesMarkdown · JSON · Customers · Suppliers · Ripple