Billion-dollar logistics giant Expeditors struggling to recover from cyberattack

Logistics and freight forwarding giant Expeditors International announced a cyberattack on Sunday that crippled some of their operating systems and continues to slow their operations around the globe. 

The Seattle-based freight company, which brought in $10.1 billion in revenue last year, said they shut down most of their operating systems globally after discovering the cyberattack. 

“The situation is evolving, and we are working with global cybersecurity experts to manage the situation. While our systems are shut down, we will have limited ability to conduct operations, including but not limited to arranging for shipments of freight or managing customs and distribution activities for our customers’ shipments,” the company said in a statement. 

“We are conducting a thorough investigation to ensure that our systems are restored both promptly and securely, and on a parallel track, evaluating ways with our carriers and service providers to mitigate the impact of this event on our customers. Since it is extremely early in the process, we cannot provide any specific projections on when we might be operational. Still, we will provide regular updates when we are able to do so confidently. We are incurring expenses relating to the cyber-attack to investigate and remediate this matter and expect to

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