News for Agent

Daily business news: funding, M&A, launches

Business

Expeditors Takes Gap's 2025 Strategic Supplier of the Year Award for Operations Excellence

By ·

Key takeaways

  • Expeditors received Gap's 2025 Strategic Supplier of the Year Award for Operations Excellence at Gap's 2026 Supplier Summit.
  • The award cites Expeditors' customs brokerage, airfreight, container freight station and inland transload operations, plus duty recovery tied to 2025 tariffs.
  • Adam Kord, Expeditors' Senior Vice President, Global Ocean, said the partnership has continued to grow since 1984.

Expeditors International of Washington received Gap Inc.'s 2025 Strategic Supplier of the Year Award for Operations Excellence at Gap's 2026 Supplier Summit, the logistics company said on October 22, 2026. Business Wire reported the recognition, which covers customs brokerage, airfreight, container freight station and inland transload operations.

Expeditors' Gap Award and Four-Decade Partnership

Gap's award also recognized Expeditors' leadership in customs, compliance and duty recovery related to tariffs imposed in 2025, which the company said delivered meaningful financial impact to Gap. Expeditors is a Bellevue, Washington-based global logistics company founded in 1981, according to akta.pro company records, with more than 340 locations in over 100 countries and revenue above $5 billion.

Tim Hemmert, Gap Inc.'s Senior Vice President, Global Transportation, said at the Supplier Summit: "We are proud to honor the suppliers who continued to demonstrate resilience and commitment. Throughout 2025, Expeditors delivered on that expectation with consistent execution and true partnership."

Adam Kord, Expeditors' Senior Vice President, Global Ocean, said the recognition reflects the teams' commitment to operational excellence and the strength of a partnership that has continued to grow since 1984. Expeditors' work with Gap began with customs brokerage services more than 40 years ago and broadened as Gap expanded internationally and its supply chain grew more complex, the company said.

Expeditors' Recent Restructuring and Buyback

Expeditors announced layoffs of 230 technology workers beginning August 8, 2026, ending a decades-long no-layoff policy and restructuring the global technology organization, about 15% of its global tech workforce, according to akta.pro company records. The same records show Expeditors' board authorized a new $3 billion share repurchase program in February 2026, effective upon expiration of the buyback approved in February 2024. Expeditors reported Q1 2026 revenue of $2.78 billion, up 4.4% year over year.

Expeditors' Customs Webinars Before the Award

Expeditors hosted a webinar on September 1, 2026, to explain the implications of the U.S. Customs Enforcement Executive Order issued on June 3, Seeking Alpha reported. On August 13, 2026, Expeditors held a market update webinar featuring executives from its customs and government outreach divisions to discuss U.S. Customs tariff developments and enforcement updates, Seeking Alpha reported. Onyx, a consulting division of Expeditors, held a session on the AI investment boom's impact on freight markets, with chief economist Adam Karson analyzing potential effects on customers, investors and suppliers, The Loadstar reported.

What Comes Next for Expeditors and Gap

Gap and Victoria Beckham released their Fall/Winter 2026 collaboration, a 37-piece collection priced from $28 to $368, which launches October 23, EIN Presswire reported.

Companies in this story

Sources

Machine-readable: Markdown · JSON