A12

Yes, Q1 22 has been very difficult for Expeditors – if all quarters were like that, however, there would be only winners in logistics.

To be sure, the cyber-attack that the Seattle-based 3PL faced and dealt with from 20 February, has caused one-off costs and charges of about $60m so far – our provisional range for cyber-related damage was $100m to $200m.

Buybacks were zero’d, down from $86m one year earlier, emergency budget sorted cash flow-wise.

Yet air and ocean volumes, oh dear ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.