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Expeditors International of Washington, 11/20/97div

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  • 1. PRESS RELEASE By: Expeditors International of Washington, Inc. 999 Third Avenue, Suite 2500 Seattle, Washington 98104 CONTACT: R. Jordan Gates Chief Financial Officer (206) 674-3427 FOR IMMEDIATE RELEASE EXPEDITORS ANNOUNCES SEMI-ANNUAL CASH DIVIDEND OF $.05 SEATTLE, WASHINGTON -- November 20, 1997 -- Expeditors International of Washington, Inc. (NASDAQ: EXPD), the international logistics company today announced that its Board of Directors has declared a semi- annual cash dividend of $.05 per share, payable on December 15, 1997 to shareholders of record as of December 1, 1997. Expeditors is a global logistics company. Headquartered in Seattle, Washington, the company serves the increasingly sophisticated needs of international trade through a seamless network of responsive professionals and integrated information system. Expeditors offers air and ocean freight forwarding, supplier consolidation, customs clearance, cargo insurance, distribution and value-added logistics services. Expeditors' mission is to set the standard for excellence in global logistics through total commitment to quality in people and services, with superior financial results. Additional company information is available via the Internet at http://www.expd.com.