Exhibit 99.1

EARNINGS RELEASE

By: Expeditors International of Washington, Inc. 1015 Third Avenue, Suite 1200 Seattle, Washington 98104

CONTACTS:	R. Jordan Gates	Bradley S. Powell
	President and Chief Operating Officer	Chief Financial Officer
	(206) 674-3427	(206) 674-3412
		FOR IMMEDIATE RELEASE

EXPEDITORS ANNOUNCES 2010 FOURTH QUARTER EARNINGS PER SHARE OF $.45¹

SEATTLE, WASHINGTON – February 22, 2011, Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced quarterly total revenues and operating income of $1,582,135,000 and $148,572,000 as compared with $1,246,911,000 and $110,354,000 for the same quarter of 2009, an increase of 27% and 35%, respectively. Net earnings attributable to shareholders were $96,502,000 for the fourth quarter of 2010, compared with $69,135,000 for the same quarter of 2009, an increase of 40%. Net revenues for the fourth quarter of 2010 increased 23% to $453,362,000 as compared with $369,712,000 reported for the fourth quarter of 2009. Diluted net earnings attributable to shareholders per share for the fourth quarter were $.45 as compared with $.32 for the same quarter in 2009, an increase of 41%. The Company also reported that same store net revenues and operating income increased 23% and 35%, respectively, for the fourth quarter of 2010 when compared with 2009.

For the year ended December 31, 2010, total revenues and operating income were $5,967,573,000 and $547,230,000 as compared with $4,092,283,000 and $385,001,000 for the same period in 2009, increases of 46% and 42%, respectively. Net earnings attributable to shareholders rose to $344,172,000 from $240,217,000 in 2009, an increase of 43%. Net revenues for the year increased to $1,692,786,000 from $1,382,786,000 for 2009, up 22%. Diluted net earnings attributable to shareholders per share for the year 2010 were $1.59 as compared with $1.11 for the same period of 2009, a 43% increase. Same store net revenues and operating income increased 22% and 42%, respectively, for the year ended December 31, 2010, when compared with the same period of 2009.

“What a difference a year makes! Last year we closed our 2009 fourth quarter earnings release by saying ‘Having proven our mettle in 2009, we’re excited about 2010.’ How prophetic those words turned out to be,” said Peter J. Rose, Chairman and Chief Executive Officer. “Our 2010 was absolutely outstanding by any measure and this fourth quarter was, simply put, a great ending to an incredible year. The fourth quarter was also remarkable in that, despite handling the large year-over-year increases in shipment and clearance activity, none of the anomalies that can occur in theses kinds of environments reared their ugly heads. The competitive market mechanisms worked as close to perfect as we can remember experiencing them. Our people successfully handled some amazing volumes. Because of our no-layoff policy in 2009, we had the capacity and the experience to absorb anything 2010 threw at us,” Rose went on to say.

“The fourth quarter, just like all of 2010, was a classic case study of what happens when you don’t panic, when you trust in your people and your culture and when you rely on your proven business model. If we had lost our confidence and succumbed to the myriad of pressures we encountered in 2009, we might well have joined the ‘lemming layoff brigade.’ Had we done that, we would not have had the staying power to see our way through the volume challenges, and the corresponding opportunities, that presented themselves in 2010. Experience and tenure is what really pays off in these situations, particularly if you have the confidence to lead…which fortunately, our people did. This wasn’t our first recession, it was merely our worst. We learned from experience that a recession is the least costly time to make investments. We have always thought that recessionary investments, particularly those in technology, productivity and process improvement, have higher rates of return, as the economy turns... .and indeed they did. Finally, we were grateful for the opportunity to show how much we truly appreciate and value our greatest assets, our people…and that is why they’re still here servicing more customers and creating value for our shareholders! And yes, we’re excited for whatever challenges and opportunities will come our way in 2011,” concluded Rose.

Expeditors is a global logistics company headquartered in Seattle, Washington. The company employs trained professionals in 184 full-service offices, 65 satellite locations and 2 international service centers located on six continents linked into a seamless worldwide network through an integrated information management system. Services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added international logistics services.

¹ Diluted earnings attributable to shareholders per share.

NOTE: See Disclaimer on Forward-Looking Statements on the following page of this release.

Expeditors International of Washington, Inc.

Fourth Quarter 2010 Earnings Release

February 22, 2011

Expeditors International of Washington, Inc.

Financial Highlights

Three months and Year ended

December 31, 2010 and 2009

(Unaudited)

(in 000’s except share data)

	Three months ended December 31,							Year ended December 31,
	2010		2009		% Increase			2010		2009		% Increase
Revenues	$	1,582,135	$	1,246,911		27	%	$	5,967,573	$	4,092,283		46	%
Net revenues	$	453,362	$	369,712		23	%	$	1,692,786	$	1,382,786		22	%
Operating income	$	148,572	$	110,354		35	%	$	547,230	$	385,001		42	%
Net earnings attributable to shareholders1	$	96,502	$	69,135		40	%	$	344,172	$	240,217		43	%
Diluted earnings attributable to shareholders per share	$	.45	$	.32		41	%	$	1.59	$	1.11		43	%
Basic earnings attributable to shareholders per share	$	.45	$	.33		36	%	$	1.62	$	1.13		43	%
Weighted average diluted shares outstanding		216,587,468		216,378,536					216,446,656		216,533,240
Weighted average basic shares outstanding		212,217,035		211,992,092					212,283,966		212,112,744

¹ The Company’s consolidated effective tax rate was lower in the fourth quarter and year 2010 as compared to the same periods in 2009 primarily as a result of a higher tax benefit received for disqualified dispositions of incentive stock options in 2010.

During the fourth quarter of 2010, the Company opened one full-service office in Curitiba, Brazil and one satellite office in Belo Horizonte, Brazil. The Company closed one satellite office in Lewiston, New York.

Investors may submit written questions via e-mail to: investor@expeditors.com Or by fax to: (206) 674-3459

Questions received by the end of business on February 25, 2011 will be considered in management’s 8-K “Responses to Selected Questions” expected to be filed on or about March 4, 2011.

Disclaimer on Forward-Looking Statements:

Certain portions of this release contain forward-looking statements which are based on certain assumptions and expectations of future events that are subject to risks and uncertainties, including comments on economic trends, capacity to absorb additional volumes, positive trends in business volume, ability to benefit from opportunities in 2011, ability to continue our culture and business model, ability to realize higher rates of return from investments in technology, productivity, and process improvement, any future tax benefits from disqualified dispositions of incentive stock options and ability to create shareholder value. Actual future results and trends may differ materially from historical results or those projected in any forward-looking statements depending on a variety of factors including, but not limited to, our ability to maintain consistent and stable operating results, future success of our business model, ability to perpetuate profits, changes in customer demand for Expeditors’ services caused by a general economic slow-down, customers’ inventory build-up, decreased consumer confidence, volatility in equity markets, energy prices, political changes, regulatory changes or the unpredictable acts of competitors and other risks, risk factors and uncertainties detailed in our Annual and Quarterly Reports filed with the Securities and Exchange Commission.

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands, except share data)

(Unaudited)

	December 31, 2010		December 31, 2009
Assets
Current assets:
Cash and cash equivalents	$	1,084,465	$	925,929
Short-term investments		524		655
Accounts receivable, net		1,003,884		810,369
Deferred Federal and state income taxes		8,706		8,338
Other current assets		42,776		42,539
Total current assets		2,140,355		1,787,830
Property and equipment, net		498,648		495,701
Goodwill, net		7,927		7,927
Other intangibles, net		3,716		4,938
Other assets, net		28,533		27,326
	$	2,679,179	$	2,323,722
Liabilities and Equity
Current liabilities:
Accounts payable		652,161		546,675
Accrued expenses, primarily salaries and related costs		177,869		145,545
Federal, state and foreign income taxes		31,948		16,166
Total current liabilities		861,978		708,386
Deferred Federal and state income taxes		69,047		53,989
Commitments and contingencies
Shareholders’ equity:
Preferred stock; none issued		—		—
Common stock, par value $.01 per share; issued and outstanding 212,047,774 shares at December 31, 2010 and 212,025,494 shares at December 31, 2009		2,120		2,120
Additional paid-in capital		13,412		18,265
Retained earnings		1,717,249		1,532,018
Accumulated other comprehensive income		8,125		604
Total shareholders’ equity		1,740,906		1,553,007
Noncontrolling interest		7,248		8,340
Total equity		1,748,154		1,561,347
	$	2,679,179	$	2,323,722

22-February-2011 Expeditors International of Washington, Inc. Page 3 of 6

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(In thousands, except share data)

(Unaudited)

	Three months ended December 31,						Twelve months ended December 31,
	2010			2009			2010			2009
Revenues:
Airfreight services	$	778,009		$	628,097		$	2,821,828		$	1,831,317
Ocean freight and ocean services		481,263			348,305			1,955,400			1,297,685
Customs brokerage and other services		322,863			270,509			1,190,345			963,281
Total revenues		1,582,135			1,246,911			5,967,573			4,092,283
Operating expenses:
Airfreight consolidation		604,309			493,711			2,181,598			1,341,842
Ocean freight consolidation		379,250			268,612			1,569,877			973,462
Customs brokerage and other services		145,214			114,876			523,312			394,193
Salaries and related costs		237,822			202,697			894,132			774,214
Rent and occupancy costs		19,988			19,463			77,209			74,324
Depreciation and amortization		9,310			9,910			36,900			40,035
Selling and promotion		9,593			7,985			32,055			26,295
Other		28,077			19,303			105,260			82,917
Total operating expenses		1,433,563			1,136,557			5,420,343			3,707,282
Operating income		148,572			110,354			547,230			385,001
Interest income		2,064			1,924			7,002			10,177
Interest expense		(198	)		(95	)		(576	)		(499	)
Other, net		1,181			367			10,412			8,193
Other income, net		3,047			2,196			16,838			17,871
Earnings before income taxes		151,619			112,550			564,068			402,872
Income tax expense		55,171			42,900			219,863			162,475
Net earnings		96,448			69,650			344,205			240,397
Less: net earnings attributable to noncontrolling interest		(54	)		515			33			180
Net earnings attributable to shareholders	$	96,502		$	69,135		$	344,172		$	240,217
Diluted earnings attributable to shareholders per share	$	0.45		$	0.32		$	1.59		$	1.11
Basic earnings attributable to shareholders per share	$	0.45		$	0.33		$	1.62		$	1.13
Dividends declared and paid per common share	$	0.20		$	0.19		$	0.40		$	0.38
Weighted average diluted shares outstanding		216,587,468			216,378,536			216,446,656			216,533,240
Weighted average basic shares outstanding		212,217,035			211,992,092			212,283,966			212,112,744

22-February-2011 Expeditors International of Washington, Inc. Page 4 of 6

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

	Three months ended December 31,						Twelve months ended December 31,
	2010			2009			2010			2009
Operating Activities:
Net earnings	$	96,448		$	69,650		$	344,205		$	240,397
Adjustments to reconcile net earnings to net cash provided by operating activities:
Provision for losses on accounts receivable		305			13			3,414			804
Deferred income tax expense (benefit)		8,048			11,336			10,569			(1,609	)
Excess tax benefits from stock plans		(12,274	)		(345	)		(23,863	)		(5,726	)
Stock compensation expense		10,696			10,070			43,743			39,135
Depreciation and amortization		9,310			9,910			36,900			40,035
Loss (gain) on sale of assets		140			(40	)		(321	)		(42	)
Other		304			878			1,536			1,970
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable		77,947			(121,395	)		(188,823	)		(1,077	)
Decrease (increase) in other current assets		1,484			1,835			(1,475	)		(291	)
(Decrease) increase in accounts payable and accrued expenses		(60,302	)		58,698			130,138			29,910
Increase (decrease) in income taxes payable, net		2,725			(9,640	)		39,495			(12,706	)
Net cash provided by operating activities		134,831			30,970			395,518			330,800
Investing Activities:
Decrease (increase) in short-term investments		81			(22	)		188			26
Purchase of property and equipment		(15,755	)		(9,364	)		(42,408	)		(34,700	)
Proceeds from sale of property and equipment		92			151			360			276
Prepayment on long-term land lease, net		—			4,193			—			(5,049	)
Other		(632	)		(748	)		(319	)		(1,901	)
Net cash used in investing activities		(16,214	)		(5,790	)		(42,179	)		(41,348	)
Financing Activities:
Proceeds from issuance of common stock		38,826			4,414			99,784			46,925
Repurchases of common stock		(106,862	)		(7,434	)		(246,312	)		(84,509	)
Excess tax benefits from stock plans		12,274			345			23,863			5,726
Dividends paid		(42,475	)		(40,279	)		(84,872	)		(80,555	)
Distributions to noncontrolling interest		(88	)		(75	)		(1,051	)		(1,084	)
Purchase of noncontrolling interest		—			(1,729	)		—			(3,851	)
Net cash used in financing activities		(98,325	)		(44,758	)		(208,588	)		(117,348	)
Effect of exchange rate changes on cash and cash equivalents		6,947			(1,762	)		13,785			12,797
Increase (decrease) in cash and cash equivalents		27,239			(21,340	)		158,536			184,901
Cash and cash equivalents at beginning of period		1,057,226			947,269			925,929			741,028
Cash and cash equivalents at end of period	$	1,084,465		$	925,929		$	1,084,465		$	925,929
Interest and taxes paid:
Interest	$	57			100		$	110			497
Income taxes		42,369			37,028			171,618			158,745

22-February-2011 Expeditors International of Washington, Inc. Page 5 of 6

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. AND SUBSIDIARIES

Business Segment Information

(In thousands)

(Unaudited)

	United States		Other North America		Latin America		Asia Pacific		Europe and Africa		Middle East and India		Eliminations			Consolidated
Three months ended December 31, 2010
Revenues from unaffiliated customers	$	368,584		43,083		19,010		867,844		203,958		79,656					1,582,135
Transfers between geographic areas		26,804		3,114		4,850		8,976		11,371		4,266		(59,381	)		—
Total revenues	$	395,388		46,197		23,860		876,820		215,329		83,922		(59,381	)		1,582,135
Net revenues	$	177,438		20,322		13,509		146,191		72,528		23,374					453,362
Operating income	$	45,968		7,204		4,830		64,006		19,245		7,319					148,572
Identifiable assets	$	1,343,098		95,298		51,326		612,085		432,019		144,043		1,310			2,679,179
Capital expenditures	$	4,991		157		332		1,776		7,968		531					15,755
Depreciation and amortization	$	5,372		321		241		1,885		940		551					9,310
Equity	$	1,089,053		46,601		27,462		371,610		160,428		84,456		(31,456	)		1,748,154
Three months ended December 31, 2009
Revenues from unaffiliated customers	$	277,141		37,790		16,574		683,208		167,280		64,918					1,246,911
Transfers between geographic areas		21,117		2,004		3,548		7,460		8,613		3,597		(46,339	)		—
Total revenues	$	298,258		39,794		20,122		690,668		175,893		68,515		(46,339	)		1,246,911
Net revenues	$	148,265		17,613		11,537		107,382		63,809		21,106					369,712
Operating income	$	22,426		8,741		3,847		50,116		17,536		7,688					110,354
Identifiable assets	$	1,188,111		82,166		42,478		493,338		387,494		128,690		1,445			2,323,722
Capital expenditures	$	5,639		247		107		1,097		1,560		714					9,364
Depreciation and amortization	$	5,181		360		358		1,920		1,478		613					9,910
Equity	$	965,620		40,421		17,809		341,991		148,592		77,566		(30,652	)		1,561,347
Twelve months ended December 31, 2010
Revenues from unaffiliated customers	$	1,348,259		163,750		74,327		3,349,960		729,022		302,255					5,967,573
Transfers between geographic areas		99,547		10,836		16,932		32,837		40,778		16,184		(217,114	)		—
Total revenues	$	1,447,806		174,586		91,259		3,382,797		769,800		318,439		(217,114	)		5,967,573
Net revenues	$	666,669		77,079		50,937		543,869		264,663		89,569					1,692,786
Operating income	$	198,393		23,521		15,985		222,944		63,115		23,272					547,230
Identifiable assets	$	1,343,098		95,298		51,326		612,085		432,019		144,043		1,310			2,679,179
Capital expenditures	$	18,128		574		1,320		5,743		14,383		2,260					42,408
Depreciation and amortization	$	20,125		1,344		880		7,511		4,661		2,379					36,900
Equity	$	1,089,053		46,601		27,462		371,610		160,428		84,456		(31,456	)		1,748,154
Twelve months ended December 31, 2009
Revenues from unaffiliated customers	$	982,103		129,272		64,060		2,101,323		582,759		232,766					4,092,283
Transfers between geographic areas		75,964		7,344		13,520		26,771		27,699		14,602		(165,900	)		—
Total revenues	$	1,058,067		136,616		77,580		2,128,094		610,458		247,368		(165,900	)		4,092,283
Net revenues	$	547,879		65,331		44,182		413,627		229,432		82,335					1,382,786
Operating income	$	117,908		20,253		12,538		167,299		43,953		23,050					385,001
Identifiable assets	$	1,188,111		82,166		42,478		493,338		387,494		128,690		1,445			2,323,722
Capital expenditures	$	24,908		724		688		2,772		3,407		2,201					34,700
Depreciation and amortization	$	21,010		1,391		1,087		8,106		5,968		2,473					40,035
Equity	$	965,620		40,421		17,809		341,991		148,592		77,566		(30,652	)		1,561,347

22-February-2011 Expeditors International of Washington, Inc. Page 6 of 6