Risk Factors Update Summary
- Addition of industry risks: "United States and global political conditions and increased geopolitical tension could adversely affect business, financial condition, and results of operations."
- Increased interest rates impact: "Central bank policy interest rates continued to increase in fiscal year 2023, potentially decreasing profitability."
- Impact of inflation: "Prolonged inflation could result in reduced demand for transportation assets, offset by increased costs."
- Cybersecurity risks: "Increased cyber intrusions, hacks, and ransomware attacks expected to accelerate and become more sophisticated."
- Operational flexibility: "Factors such as tax, accounting considerations, interest rates, and operational flexibility may influence customer decisions."
- Talent market challenges: "Operating in a challenging market for talent, attracting, retaining, and motivating qualified personnel could impact strategy execution."
- Regulatory focus on climate change: "Increased regulatory focus on climate change and greenhouse gas emissions globally, impacting operating costs and compliance."
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=40211&owner=exclude
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