M&A radar: Expeditors, the 'Agility' nobody could get (yet)
Reasonable. Totally understandable. Yet beware the snake from Seattle.
When Peter Rose, the man who built up Expeditors (EXPD) from scratch, retired in 2014, the Seattle-based group he co-founded and led for over three decades was in great shape financially, but also a rock-solid business lagging on the stock market.
What has changed since those days – barring greater tax benefits lately and operational efficiency – has a lot to do with EXPD’s light portfolio of assets and services, which determined its fortunes in the capital markets in the years that ...