Risk Factors Update Summary
- Labor and supply shortages were added as a risk factor, impacting hiring and customer demands.
- The decrease in the available pool of qualified drivers was highlighted, affecting operations.
- Technology infrastructure risks were expanded to include cybersecurity, AI, and potential breaches.
- Increased regulations on zero-emission vehicles could raise costs and affect operations.
- Expansion plans were significantly increased from 7 to 15-20 new terminals in 2023.
- The potential impact of AI technologies on cybersecurity risks was emphasized.
- The acquisition of 17 freight terminals and leases from Yellow Corporation poses financial risks.
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=1177702&owner=exclude
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