You've no doubt heard things described as "logistical nightmares." I face one every time I drive in Los Angeles, for instance. Well, Expeditors International
Check out the firm's latest results to see what I mean:
- "Net" revenue (looks like gross margin) up 6% for the quarter and 10% for the full year.
- Operating income up 11% for the quarter and up 12% for the year.
- Diluted per-share earnings up 13% for both the quarter and the full year.
This is top-flight performance, especially in light of the shaky economy. In a year it described as "very difficult," UPS
One of the best things about Expeditors is that it makes no excuses. Chairman and CEO Peter Rose, known for his unusually forthright (and sometimes scathing) responses to analyst/investor questions via periodic SEC filings, made it a point to ban "the internal use of the 'R' word" at Expeditors -- way back in the first quarter of 2008. While high-profile figures ranging from PIMCO's Bill Gross to U.K. Prime Minister Gordon Brown to Microsoft's
While plenty of other companies, from Walgreen
This is exactly the sort of firm you want to align yourself with during a downturn. Maybe everyone else should take their cue from Rose and company.