Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Forward-looking Statements
This Current
Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E
of the Securities Exchange Act of 1934, as amended, including statements relating to the planned spin-off, the expected timing
of the spin-off and the anticipated benefits of the spin-off, and the notes offering. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can
be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,”
“continue,” “could,” “intend,” “may,” “plan,” “potential,”
“predict,” “should,” “will,” “expect,” “objective,”
“projection,” “forecast,” “goal,” “guidance,” “outlook,”
“effort,” “target,” “trajectory” or the negative of these terms or other comparable terms.
However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are
based on certain assumptions and analyses made by the company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors the company believes are appropriate in the
circumstances.
These forward-looking statements are subject
to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking
statements. Factors that might cause or contribute to a material difference include our ability to effect the spin-off of our tech-enabled
brokered transportation platform and meet the related conditions of the spin-off, the expected timing of the completion of the spin-off
and the terms of the spin-off, our ability to achieve the expected benefits of the spin-off, our ability to retain and attract key personnel
for the separate businesses, the risks discussed in our filings with the SEC, and the following: economic conditions generally; the severity,
magnitude, duration and aftereffects of the COVID-19 pandemic, including supply chain disruptions due to plant and port shutdowns and
transportation delays, the global shortage of certain components such as semiconductor chips, strains on production or extraction of raw
materials, cost inflation and labor and equipment shortages, which may lower levels of service, including the timeliness, productivity
and quality of service, and government responses to these factors; our ability to align our investments in capital assets, including equipment,
service centers and warehouses, to our customers’ demands; our ability to implement our cost and revenue initiatives; our ability
to benefit from the proposed spin-off; our ability to successfully integrate and realize anticipated synergies, cost savings and profit
improvement opportunities with respect to acquired companies; goodwill impairment, including in connection with the proposed spin-off;
matters related to our intellectual property rights; fluctuations in currency exchange rates; fuel price and fuel surcharge changes; natural
disasters, terrorist attacks, wars or similar incidents, including the conflict between Russia and Ukraine and increased tensions between
Taiwan and China; risks and uncertainties regarding the potential timing and expected benefits of the proposed spin-off of our tech-enabled
brokered transportation platform, including the risk that the spin-off may not be completed on the terms or timeline currently contemplated,
if at all; the impact of the proposed spin-off of our tech-enabled brokered transportation platform on the size and business diversity
of our company; the ability of the proposed spin-off of our tech-enabled brokered transportation platform to qualify for tax-free treatment
for U.S. federal income tax purposes; our ability to develop and implement suitable information technology systems and prevent failures
in or breaches of such systems; our indebtedness; our ability to raise debt and equity capital; fluctuations in fixed and floating interest
rates; our ability to maintain positive relationships with our network of third-party transportation providers; our ability to attract
and retain qualified drivers; labor matters, including our ability to manage our subcontractors, and risks associated with labor disputes
at our customers and efforts by labor organizations to organize our employees and independent contractors; litigation, including litigation
related to alleged misclassification of independent contractors and securities class actions; risks associated with our self-insured claims;
risks associated with defined benefit plans for our current and former employees; the impact of potential sales of common stock by our
chairman; governmental regulation, including trade compliance laws, as well as changes in international trade policies, sanctions and
tax regimes; governmental or political actions, including the United Kingdom’s exit from the European Union; and competition and
pricing pressures.
All
forward-looking statements set forth in this Current Report on Form 8-K are qualified by these cautionary statements and there
can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that
they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this
Current Report on Form 8-K speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements
to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent
required by law.