Cyber woes: Expeditors nearly triples 2022 capex budget to $100m after cyber-attack

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In its 10-K filed this week – later than expected due to a much-publicised cyber-attack on 20 February – 3PL Expeditors said that cash used in investing activities for the year ended 31 December 2021 “was $37 million, as compared with $46 million in 2020”.

Meanwhile, capital expenditures – which are part of the investing cash flows – were “$36 million in 2021” compared to $47.5m and $47m, respectively, in 2020 and 2019.

The group is still unable to estimate “any additional ...