Global logistics firm Expeditors International says it is moving closer to restoring key systems two weeks after a cyberattack.
Expeditors International is desperately trying to recover from a major cyberattack that has degraded its logistics capabilities.
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Expeditors announced its earnings while it is in the midst of a cyberattack.
Global logistics provider Expeditors International shut down most of its operations systems after a cyberattack, limiting the ability to book shipments.
Despite beating the Wall Street consensus, Expeditors’ stock declined.
Expeditors is a rare logistics “dividend aristocrat,” with dividend increases of 25 years or more. It is keeping that intact in 2021.
In the prepared statement released with earnings, CEO Musser says the current market has no precedents.
Expeditors International sees digital platform acquisition as key to advancing its less-than-truckload shipping platform.
The Seattle-based global third-party logistics provider posted revenues of $1.9 billion during the first quarter, a 6% decrease year-over-year.
