Expeditors International (NYSE: EXPD) plans to discharge 230 workers this year as part of a restructuring of its global technology department, according to a FreightWaves report based on a notice filed last week with the Washington State Department of Employment Security.
Layoff Details
The layoffs will begin on August 8 at the company’s headquarters and four other offices in the Seattle suburbs and continue for the remainder of the year, Expeditors stated in a letter to Washington regulators. No further details about the reason for the separation were mentioned, and company representatives could not be reached for further explanation, according to FreightWaves.
Financial Performance
Expeditors is the fifth largest U.S.-based logistics provider by gross revenue. The company’s 2025 revenue fell 3% to $2.86 billion. Operating income declined 17% to $251 million, and net income of $200.7 million was down from $235.9 million year over year. The company noted that the cost of salaries and other expenses increased 6%.
| Metric | 2025 | 2024 (implied) | Change |
|---|---|---|---|
| Revenue | $2.86B | $2.95B (estimated) | -3% |
| Operating Income | $251M | $302.4M (estimated) | -17% |
| Net Income | $200.7M | $235.9M | -14.9% |
| Salaries & Other Expenses Growth | +6% | — | — |
Note: 2024 figures are reverse-calculated from year-over-year changes reported by the company.
Company Background
Founded in 1967 and headquartered in Seattle, Washington, Expeditors International provides global logistics services including freight forwarding, customs brokerage, and supply chain solutions. The restructuring of its global technology department aligns with broader cost-containment efforts as the company faces rising expenses and declining profitability.
Next Milestone
The layoffs are scheduled to begin August 8, 2026, and continue through the end of the year. Expeditors has not announced a timeline for completing the restructuring or any expected cost savings.
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