Expeditors Announces New President and Chief Executive Officer

Expeditors International of Washington, Inc.'s (EXPD) board of directors has chosen its current president of Global Geographies, Daniel R. Wall, as the next president and chief executive officer (CEO) of the company, effective April 1, 2025. Wall will be appointed to the board and stand for election at the company’s upcoming annual meeting of shareholders.Wall is succeeding Jeffrey S. Musser, EXPD’s current president and CEO, who plans to step down from his role effective March 31, 2025. Post-retirement, Mr. Musser will step down from the company’s board of directors as well.Bob Carlile, chairman of Expeditors’ board of directors, stated, “Jeff has spent decades living and expressing the very best of the Expeditors culture, as has Dan. Both executives have excelled at every level within our organization, having distinguished themselves throughout long and meaningful careers with our company. Both started when they were young, and both have demonstrated the qualities of leadership necessary to continue to take our company to the next level of performance.”Jeffrey S. Musser’s Span in EXPDJeffrey joined Expeditors at the very young age of 16. In his 42-year career, Jeff has grown through multiple roles. In 2014, he was promoted to the chief executive role, marking the third CEO in EXPD’s history. He has supervised the company’s growth from $6.1 billion revenues and 14,000 employees in 2013 to $10.6 billion revenues and more than 18,000 employees in 2024. During the same period, Expeditors rewarded its shareholders with $9.6 billion in the form of dividends and share repurchases and increased earnings per share by 240%.Jeff has served EXPD as CEO for 11 years.Daniel R. Wall’s Journey so Far in EXPDDaniel R. Wall joined Expeditors in March 1987. He was promoted to District Manager in May 1992 and Global Director — Account Management in March 2002. Wall was chosen vice president — ECMS (Order Management) in January 2004 and senior vice president — Ocean Services in September 2004. He was appointed as president of Global Products in June 2015 and as president of Global Services, effective Jan. 1, 2023. In October 2023, Wall was chosen as president of Global Geographies and Operations, effective Jan. 1, 2024.   Considering Wall’s 38 years of professional journey with Expeditors and his proven leadership skills, his continuation in EXPD is expected to complement the company’s operations and strengthen its competitive position in the industry.Zacks Rank and Stocks to ConsiderEXPD currently carries a Zacks Rank #3 (Hold).Investors interested in the Zacks Transportation sector may also consider United Airlines UAL and SkyWest SKYW. Each stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.United Airlines has an expected earnings growth rate of 21.11% for the current year. The Zacks Consensus Estimate for UAL’s 2025 earnings per share has been revised 10.6% upward in the past 60 days.The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 22.93%. Shares of UAL have surged 161.2% in the past year.SkyWest, founded in 1972, is based in St. George and operates regional jets for major U.S. airlines. SKYW’s track record of successfully meeting the requirements of each of its airline heavyweight partners bodes well for the company. Revenues from flying agreements (which account for the bulk of the top line) are impressive owing to SKYW’s above ability. Owing to an uptick in air travel demand, passenger volumes have been upbeat and are likely to increase going forward as well. This is likely to keep SKYW's top line in good shape.SKYW has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 16.71%. The Zacks Consensus Estimate for 2025 earnings per share has been revised 7.9% upward in the past 60 days.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Airlines Holdings Inc (UAL): Free Stock Analysis Report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks