ADDED
This Annual Report on Form 10-K contains information that may constitute forward-looking statements.
For additional information about forward-looking statements and for an identification of risk factors and their potential significance, see Cautionary Note Regarding Forward-Looking Statements immediately preceding Part II, Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations as well as Item 1A - "Risk Factors" in this report and those risk factors described from time to time in our future reports filed with the Securities and Exchange Commission.
The Company undertakes no obligation to update these statements in light of new information, subsequent events, developments or otherwise, except as required by law.
We receive fees for customer handling and ancillary services.
We also give customers visibility to the orders that they are moving, enabling them to ensure that their products get to the right location at the right time.
As a result, management's focus is on building and maintaining a global corporate culture and an environment where well-trained employees and managers are prepared to identify changes as they develop, to adapt and thrive as major trends emerge.
Our chief strategy officer, along with our senior leadership team, continues to oversee all strategy within Expeditors, with a deep focus on exploring new avenues for innovation, differentiation and expansion.
We are investing in our technology strategy, which includes intentional and critical consideration of how best to implement a range of technology solutions, including artificial intelligence (AI).
Due to the significant complexity and activities required to accommodate our customs brokerage and compliance needs, we have chosen to focus on these areas.
While we expect to benefit from increased productivity, we also expect to focus on areas to increase value to our customers, making our operations more effective from an operational performance standpoint.
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Employer Identification Number) Sterling Plaza 2 , 3rd Floor 3545 Factoria Blvd.
For additional information about forward-looking statements and for an identification of risk factors and their potential significance, see Safe Harbor for Forward-Looking Statements Under Private Securities Litigation Reform Act of 1995; Certain Cautionary Statements immediately preceding Part II, Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations and Item 1A - "Risk Factors" in this report.
The Company undertakes no obligation to update these statements in light of subsequent events or developments.
We receive fees for customer handling and ancillary services and may also receive a commission from the carrier.
We strongly believe that it is nearly impossible to predict events that, individually or in the aggregate, could have a positive or a negative impact on our future operations.
As a result, management's focus is on building and maintaining a global corporate culture and an environment where well-trained employees and managers are prepared to identify and react to changes as they develop and thereby help us adapt and thrive as major trends emerge.
Our chief strategy officer continues to oversee all strategy within Expeditors, with a deep focus on exploring new avenues for innovation, differentiation and expansion.
Tailored Solutions As a non-asset-based logistics services provider, we have considerable flexibility to tailor customer-specific solutions by product.
These goods include products from diverse industries, including electronics, high technology, healthcare, aerospace and aviation, manufacturing, oil and energy, automotive, retail consumer goods and fashion.
Expeditors' Services in Detail The following describes in more detail the operations of each of Expeditors services: Airfreight Services Airfreight services accounted for approximately 34% and 35% of Expeditors' total revenues in 2024 and 2023, respectively.