NEW YORK (Aug. 14, 2003) — Dow Jones Indexes today announced that Expeditors International of Washington, Inc., (Seattle, Washington, U.S.) will replace Airborne, Inc. (Seattle, Washington, U.S.) in the Dow Jones Transportation Average, effective after the close of trading on Friday, August 15, 2003.
Expeditors International offers logistics services to companies, with air freight consolidation and related activities accounting for about 55% of its 2002 revenue.
Airborne, Inc. is being dropped from the Dow Jones Transportation Average because much of it is being acquired by DHL Worldwide Express, a unit of Deutsche Post AG.
Further information as well as the complete component list of the Dow Jones Transportation Average can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.
The Dow Jones Transportation Average represents the leading twenty transportation companies in the U.S. It was introduced in 1884 and was composed of nine companies. The Dow Jones Transportation Average is part of the Dow Jones Averages family, which also includes the Dow Jones Industrial Average and the Dow Jones Utility Average.