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With a market cap of $16.2 billion, Expeditors International of Washington, Inc. (EXPD) is a leading global third-party logistics provider specializing in air and ocean freight forwarding, customs brokerage, and supply chain solutions. Operating across the Americas, Asia, Europe, and the Middle East, the company serves a diverse customer base in industries such as retail, technology, healthcare, and manufacturing.
Shares of the Bellevue, Washington-based company have underperformed the broader market over the past 52 weeks. EXPD has risen marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.5%. However, shares of Expeditors are up 6.8% on a YTD basis, outpacing SPX’s 1.3% gain.