Core Viewpoint - DHL Group Sponsored ADR (DHLGY) is currently viewed as a better value opportunity compared to Expeditors International (EXPD) based on various financial metrics and analyst outlooks [1] Valuation Metrics - DHLGY has a forward P/E ratio of 13.37, significantly lower than EXPD's forward P/E of 22.15, indicating that DHLGY may be undervalued [5] - The PEG ratio for DHLGY is 2.64, while EXPD's PEG ratio is 5.09, suggesting that DHLGY offers better value when considering expected earnings growth [5] - DHLGY's P/B ratio stands at 2.27, compared to EXPD's P/B of 7.59, further supporting the notion that DHLGY is more attractively priced relative to its book value [6] Analyst Outlook - DHLGY has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to EXPD, which has a Zacks Rank of 3 (Hold) [3] - The improving earnings outlook for DHLGY enhances its attractiveness as a value investment [7]

Revenue Composition - Airfreight services accounted for approximately 34% of Expeditors' total revenues in 2024, compared to 35% in 2023[38] - Ocean freight services accounted for approximately 30% of total revenues in 2024, up from 25% in 2023[47] - Customs brokerage and other services represented about 36% of total revenues in 2024, down from 40% in 2023[55] Company Operations - The company operates 172 district offices globally, with 70 in the Americas, 45 in Europe, and 17 in North Asia[25][26] - Expeditors has approximately 18,000 employees and focuses on organic growth rather than acquisitions, although it may acquire technology or specialized expertise when necessary[23] - Expeditors employed more than 18,000 people as of December 31, 2024, with approximately 12,000 in international locations[65] Strategic Focus - Expeditors' strategic plan includes focusing on the right markets and customers to achieve sustainable and profitable growth[30] - The company emphasizes organic growth supplemented by select strategic acquisitions, contrasting with competitors who rely on aggressive mergers and acquisitions[74] - Expeditors is committed to maintaining a strong corporate culture and investing in employee training to adapt to market changes[29] Technology and Innovation - The company emphasizes a single enterprise technology platform to enhance logistics operations and provide comprehensive visibility and advanced analytics[31][34] - Expeditors' management is focused on developing innovative solutions to meet sophisticated supply chain requirements, investing in technology and digital solutions[73] - Expeditors supports customers' supply chain strategies through digital products, including quoting, booking, and data analytics, enhancing customer retention[70] Customer Service and Solutions - The company provides tailored logistics solutions by understanding customer-specific processes and objectives[35] - Expeditors emphasizes quality customer service and compliance, believing its prices are competitive in the market[69] - The logistics services offered include airfreight, ocean freight, customs brokerage, and warehousing, with a focus on optimizing supply chains for diverse industries[10][38] Market Environment - The company operates in a highly competitive global logistics services industry, with significant competition from both large firms and niche players[68] - Supply chain disruptions have led many companies to focus on building resiliency and agility in their supply chains, indicating a competitive market landscape[72] - The logistics services industry remains intensely competitive, with many companies vying for market share, including new technology-based entrants[68] Financial Management - Expeditors' pricing model is flexible, with fixed pricing arrangements for a portion of forecasted commitments and spot market pricing negotiated at regional levels[53] - The company anticipates continued trends in supply-chain efficiency and cost reduction among its customers, impacting pricing and capacity management[46] - The company faces risks from currency volatility and inflation, which have led to rising labor costs and service provider rate increases since 2021[76][77] Environmental Commitment - The company is committed to reducing its environmental impact and has been disclosing its Scope 1 and Scope 2 greenhouse gas emissions data since 2010[87] - Expeditors actively monitors climate-related risks and participates in initiatives like SmartWay to track and reduce freight emissions[88] Leadership and Governance - Expeditors' executive leadership includes Jeffrey S. Musser as CEO, with planned transitions in leadership roles set for 2025[97][98] - Daniel R. Wall appointed as President, Global Geographies and Operations effective January 1, 2024, and will become President and CEO on April 1, 2025[98] - Blake R. Bell promoted to President, Global Products and will take on the role of President, Global Business Development effective January 1, 2025[99] Risk Management - Expeditors has a total risk retained of $5 million in 2024 for cargo legal liability insurance covering claims for losses attributable to missing or damaged shipments[95] - Future fuel price volatility may impact revenues and operating income if increases cannot be passed through to customers[78] - The company maintains satisfactory relationships with service providers, which is crucial for operations, especially amid regulatory changes and security concerns[75]

Leadership Transition - Expeditors International of Washington, Inc. has appointed Daniel R. Wall as the next president and CEO, effective April 1, 2025, succeeding Jeffrey S. Musser who will step down on March 31, 2025 [1][2] - Bob Carlile, chairman of the board, praised both Musser and Wall for their long and distinguished careers within the company, highlighting their leadership qualities [3] Jeffrey S. Musser's Tenure - Musser joined Expeditors at the age of 16 and has had a 42-year career, becoming CEO in 2014 and overseeing significant growth from $6.1 billion in revenues and 14,000 employees in 2013 to $10.6 billion in revenues and over 18,000 employees in 2024 [4][5] - Under Musser's leadership, the company returned $9.6 billion to shareholders through dividends and share repurchases, and increased earnings per share by 240% [4] Daniel R. Wall's Background - Wall has been with Expeditors since March 1987, holding various leadership positions, including president of Global Products and Global Services, and most recently president of Global Geographies and Operations [6][7] - His extensive experience and proven leadership skills are expected to enhance the company's operations and competitive position in the industry [7]

Core Viewpoint - The article presents a positive outlook on Expeditors (NYSE: EXPD), emphasizing the company's strong valuation and competitive advantages [1]. Company Analysis - Expeditors is perceived to have a competitive moat, which contributes to its strong market position [1]. - The author has a long-term investment perspective, having invested personal and family funds for over 20 years, indicating a deep understanding of market dynamics [1]. Analyst's Position - The analyst holds a beneficial long position in Expeditors shares, either through stock ownership or derivatives, reflecting confidence in the company's future performance [2].

Wall Street analysts forecast that Expeditors International (EXPD) will report quarterly earnings of $1.43 per share in its upcoming release, pointing to a year-over-year increase of 31.2%. It is anticipated that revenues will amount to $2.62 billion, exhibiting an increase of 15.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this ...

Expeditors International of Washington (EXPD) is scheduled to report its fourth-quarter 2024 results on Feb. 18, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.The company has an encouraging earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once. The average beat is 4.8%.The Zacks Consensus Estimate for EXPD’s soon-to-be-reported quarter’s earnings is pegged at $1.43 per share, revised upward by 2.9 ...

Summary of Expeditors International of Washington (EXPD) Update / Briefing Company Overview - **Company Name**: Expeditors International of Washington (EXPD) - **Founded**: 1979 - **Business Model**: Non-asset based organization - **Global Presence**: Over 340 office locations in 100+ countries with 18,000+ employees [9][10] Core Business Segments - **Wholly Owned Subsidiaries**: Includes Cargo Signal, Tradewind, and Expeditors Cargo Insurance Broker (ECIB) [10] - **Specialization**: Focus on marine cargo insurance and claims management [10][11] - **Annual Claims**: Handles over 27,000 cargo claims annually [11] Industry Insights - **Incoterms**: Discussed the importance of Incoterms in determining the responsibilities of buyers and sellers regarding cost, risk, and obligations during cargo transit [12][17] - **Historical Context**: Incoterms were first developed in 1936 and have been revised 8 times, with the next revision anticipated in 2030 [17][18] - **Types of Incoterms**: There are 11 total Incoterms, with 7 being multimodal and 4 specific to ocean transport [22][24] Key Points on Incoterms - **Purpose**: Incoterms help clarify the responsibilities of buyers and sellers, reducing misunderstandings [22][23] - **Common Terms**: Terms like EXW, FOB, DDP, and CIF are frequently used in international trade [18][24] - **Limitations**: Incoterms do not address legal aspects such as passage of title or revenue recognition [19][20] Risk Management - **Carrier Liability**: Carriers can limit their liability based on the mode of transport, with specific limits for ocean, air, and trucking [49][50] - **Liability Limits**: - International Ocean: $500 per customary freight unit - International Air: 22 SDR per kilo (approximately $30) - Trucking: $0.50 per pound [50][51] Notable Incidents - **Container Loss**: An average of 1,382 containers are lost at sea each year, with many never recovered [57][58] - **Risk Factors**: Factors such as packaging insufficiency and acts of God can exempt carriers from liability [59][60] Communication and Best Practices - **Importance of Clarity**: Emphasized the need for clear communication between buyers and sellers regarding responsibilities and terms [62] - **Recommendations**: Suggested having a copy of the Incoterms book for reference and understanding [45] Q&A Highlights - **Common Questions**: Addressed various questions regarding the application of Incoterms, including differences between terms like FCA and DDP, and the responsibilities of parties involved [63][64][68][70] - **Follow-Up**: Indicated that further clarifications would be provided for complex inquiries post-webinar [63][94] Conclusion - **Webinar Purpose**: Aimed to educate participants on the basics of Incoterms and their application in international trade, highlighting the importance of understanding responsibilities to mitigate risks [3][4][7]

Founded in 1979, Expeditors International of Washington, INC (NYSE: EXPD ) or just “Expeditors” from now on, is a leading third-party logistics company operating globally. During its 45 years of existence, they have build a powerful network servicing the main trade corridors betweenStriving to compound knowledge. Long-time fan of Warren and Charlie. Always invert. "To finish first, you must first finish". Investing own and family funds for +20 years. Senior finance roles at public and private corporations f ...

Expeditors International of Washington (EXPD) is thriving with an increase in volumes, which is boosting its top line. Shareholder-friendly initiatives are encouraging. However, EXPD is grappling with geopolitical uncertainties and elevated operating expenses.Factors Favoring EXPDThe robust growth in air tonnage and ocean volumes had a positive impact on all areas of EXPD during the third quarter of 2024. Airfreight tonnage rose 19%, while ocean container volumes grew 12%. Rates also saw widespread increase ...

Expeditors International of Washington (EXPD) is benefiting from its cost-reduction initiatives. The company’s shareholder-friendly initiatives also bode well.Let us delve deep to unearth the factors working in favor of this Zacks Rank #2 (Buy) stock.EXPD’s Northward Earnings Estimates: In the past 60 days, the Zacks Consensus Estimate for current-quarter, current-year and next-year earnings has been revised upward by 6.9%, 8.4% and 0.2%, respectively. Such favorable estimate revisions indicate brokers’ con ...