AlliedSignal selects Expeditors International for worldwide freight forwarding.SEATTLE--(BUSINESS WIRE)--Nov. 1, 1994--AlliedSignal Inc., one of the world's largest manufacturers of aerospace and automotive products and engineered materials, has selected Expeditors International Expeditors International of Washington, Inc. NASDAQ: EXPD is a global logistics and freight forwarding company based in Seattle, Washington, USA. Company History Expeditors was founded in Seattle, Washington in 1979. of Washington Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EXPD), as a preferred carrier for its worldwide air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f operations. Expeditors is one of the incumbent international freight forwarders for AlliedSignal's various business units. Expeditors was selected for a two-year contract, with periodic reviews, in order to develop and maintain effective long-term partnerships. AlliedSignal chose Expeditors for its service commitment, infrastructure and geographic coverage, financial stability, quality programs, automated reporting systems and competitive pricing. "Because AlliedSignal's Aerospace, Automotive and Engineered Materials businesses serve companies worldwide from 400 facilities in 40 countries and territories, their transportation and distribution requirements are extremely time-sensitive and geographically diverse," states Sig Kratzer, Expeditors' New York-based vice president-International Sales. "We've been part of their air cargo air cargo: see aviation. team for three years, and are honored that they have selected us to continue to be part of their solution-oriented vendor team," concludes Kratzer. AlliedSignal recorded worldwide sales in 1993 in excess of $11.8 billion. The Morristown, N.J.-based company is best known for its anti-lock brakes and air bags for cars and trucks; turbine engines, electronics and wheels and brakes for aircraft; carpet fibers and a new non-ozone-depleting refrigerant re·frig·er·ant adj. 1. Cooling or freezing; refrigerating. 2. Reducing fever. n. 1. A substance, such as air, ammonia, water, or carbon dioxide, used to provide cooling either as the working substance of for use in ice machines and other commercial applications. Other products include aircraft environmental control systems and auxiliary power units; automotive turbocharging systems, filters and spark plugs and engineered materials used in the manufacture of bullet-resistant helmets and body armor Noun 1. body armor - armor that protects the wearer's whole body body armour, cataphract, coat of mail, suit of armor, suit of armour armet - a medieval helmet with a visor and a neck guard , and printed circuit boards. Expeditors International of Washington Inc. is a full-service international air and ocean freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. , and customs broker Customs Broker An individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities. . With headquarters in Seattle, the company has offices in 23 cities in the United States and offices and international service centers in 59 cities outside the United States. In addition, Expeditors International has affiliate agents in 109 locations throughout North, Central and South America, Africa, Europe, the Middle East and subcontinent, Asia, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Expeditors was recently selected by Business Week Magazine in their listing of "250 Companies on the Move." For the three month period ended June 30, 1994, total revenues were $106,065,000 and net earnings were $3,153,000, which represents a 27 percent increase in net earnings over the same quarter in 1993. For the year ended Dec. 31, 1993, total revenues and net earnings were $361,487,000 and $10,167,000, respectively. CONTACT: Expeditors International Inc., Seattle Rebecca Allmon, 206/246-3711 |
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