Risk Factors Update Summary
- Intermodal segment revenue from top 30 customers increased from 68% to 69% in 2023.
- Revenue from top 10 customers increased from 45% to 47% in 2023.
- Increased fuel expense due to decreased engine fuel efficiency and increased idling in summer 2023.
- Fleet equipped with AOBRD increased from 57% in 2022 to 67% in 2023.
- Revenue from top 5 customers decreased from 36% to 35% in 2023.
- New California climate disclosure laws and potential SEC rulemaking could increase compliance burdens.
- Revenue from top 2 customers decreased from 28% to 27% in 2023.
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=799167&owner=exclude
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