Item 8.01 Other Events.

As previously reported, on February 20, 2022, Expeditors International of Washington, Inc. (the "Company") determined that it was the target of a cyber-attack and, upon discovering the incident, the Company shut down most of its operating systems globally to manage the safety of our overall global systems environment.

In keeping with its business continuity plans, the Company is making progress in returning to normal operations. The Company's workforce is now handling shipments and providing services across most products and expanding recovery across its locations. The Company is incurring significant expenses to incorporate business continuity systems and to investigate, remediate and recover from this cyber-attack. The Company expects to continue to incur higher cybersecurity expenses in the future. While the Company has partially resumed operations and expects to bring additional systems online, at this time the Company is unable to estimate when it will resume full operations. The Company expects that the impact of the prior shutdown and the ongoing impacts of the cyber-attack will have a material adverse impact on its business, revenues, expenses, results of operations, cash flows and reputation. At this early stage, the Company is unable to estimate the ultimate direct and indirect financial impacts of this cyber-attack.


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