Against the odds: Expeditors – a (brief?) fall from grace
Don’t cry wolf
In a 8-K SEC filing released yesterday, Expeditors provided more details about a cyber-attack that is understood to have taken place 12 days ago.
(Its previous official update was on 28 February.)
Adding that “in keeping with its business continuity plans, the company is making progress in returning to normal operations”, as it also noted in its previous update, its workforce is “now handling shipments and providing services across most products and expanding recovery across its locations”.
Moreover, it reiterated that it “is incurring significant expenses ...