Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Independent Power Producers and Energy Traders
Human Resource and Employment Services
Asset Management and Custody Banks
Health Care Distribution and Services
Oil and Gas Storage and Transportation
Oil and Gas Refining and Marketing and Transportation
Transportation

Exposures
Economic
Express intent
Policy
Cooperate
Military
Provide
Regime

Event Codes
Sports contest
Yield to order
Yield
Solicit support
Endorse
Riot
Acknowledge responsibility

Wiki	Wiki Summary
Limited liability company	A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Limited liability	Limited liability is a legal status where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors.
Limited liability partnership	A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations.
No liability	A no-liability company in Australia (suffix NL) is a company which, under the Corporations Act 2001 (Cth), must have as its stated objects that it is solely a mining company and that it is not entitled to calls on the unpaid issue price of shares. It is a company which is restricted to mining activities and is the only sort of corporation which is entitled to this form of liability, given the sometimes financially risky business of mining.
Product liability	Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Although the word "product" has broad connotations, product liability as an area of law is traditionally limited to products in the form of tangible personal property.
Liability insurance	Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.\nOriginally, individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement).
Company	A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
The Walt Disney Company	The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
The Longaberger Company	The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
The Honest Company	The Honest Company, Inc. is an American consumer goods company, founded by actress Jessica Alba.
Amazon (company)	Amazon.com, Inc. ( AM-ə-zon) is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
Passeig de Lluís Companys, Barcelona	Passeig de Lluís Companys (Catalan pronunciation: [pəˈsɛdʒ də ʎuˈis kumˈpaɲs]) is a promenade in the Ciutat Vella and Eixample districts of Barcelona, Catalonia, Spain, and can be seen as an extension of Passeig de Sant Joan. It was named after President Lluís Companys, who was executed in 1940.
Estadi Olímpic Lluís Companys	Estadi Olímpic Lluís Companys (Catalan pronunciation: [əsˈtaði uˈlimpiɡ ʎuˈis kumˈpaɲs], formerly known as the Estadi Olímpic de Montjuïc and Estadio de Montjuic) is a stadium in Barcelona, Catalonia, Spain. Originally built in 1927 for the 1929 International Exposition in the city (and Barcelona's bid for the 1936 Summer Olympics, which were awarded to Berlin), it was renovated in 1989 to be the main stadium for the 1992 Summer Olympics and 1992 Summer Paralympics.
Conxita Julià	Conxita Julià i Farrés (Catalan pronunciation: [kuɲˈʃitə ʒuliˈa j fəˈres]; 11 June 1920 – 9 January 2019), also known as Conxita de Carrasco, was a Catalan woman noted for her dealings with Lluís Companys, President of Catalonia, in the 1930s, and for her poetry. Julià died in January 2019 at the age of 98.
El Tarròs	El Tarròs (Spanish: Tarrós) is a small village in Tornabous municipality, in the province of Lleida, in Catalonia, Spain. In 2008 it had 100 inhabitants.
Balance sheet	In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial ratio	A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
Trustmark (bank)	Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889.
Financial analysis	Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Form 10-K	A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Federal takeover of Fannie Mae and Freddie Mac	In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Canada–United States relations	Relations between Canada and the United States have historically been extensive, given the two countries' shared origins and border, which is the longest in the world. Starting with the American Revolution, when Loyalists fled to Canada, a vocal element in Canada has warned against US dominance or annexation.
Toys "R" Us Canada	Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids, Inc. (doing business as Tru Kids Brands) and various others.
Arithmetic	Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operation Mincemeat	Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Operations management	Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Operations research	Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Operation (mathematics)	In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Met Operations	Met Operations, also known as Met Ops, is one of the four business groups which forms the Metropolitan Police Service. It was created during the 2018-19 restructuring of the service, amalgamating many of its functions from the Operations side of the Specialist Crime & Operations Directorate formed in 2012, with the Specialist Crime side of that Directorate placed under the new Frontline Policing Directorate.
Day length fluctuations	The length of the day (LOD), which has increased over the long term of Earth's history due to tidal effects, is also subject to fluctuations on a shorter scale of time. Exact measurements of time by atomic clocks and satellite laser ranging have revealed that the LOD is subject to a number of different changes.
Fluctuating asymmetry	Fluctuating asymmetry (FA), is a form of biological asymmetry, along with anti-symmetry and direction asymmetry. Fluctuating asymmetry refers to small, random deviations away from perfect bilateral symmetry.
Statistical fluctuations	Statistical fluctuations are fluctuations in quantities derived from many identical random processes. They are fundamental and unavoidable.

Risk Factors
DYNAMEX INC ITEM 1A RISK FACTORS In addition to other information in this report, the following risk factors should be considered carefully in evaluating the Company and its business
This report contains forward-looking statements, which involve risks and uncertainties
The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth in the following risk factors and elsewhere in this report
Highly Competitive Industry The market for same-day delivery and logistics services has been and is expected to remain highly competitive
Competition is often intense, particularly for basic delivery services
High fragmentation and low barriers to entry characterize the industry
Other companies in the industry compete with the Company not only for provision of services but also for qualified drivers
Some of these companies have longer operating histories and greater 7 _________________________________________________________________ [56]Table of Contents financial and other resources than the Company
Additionally, companies that do not currently operate delivery and logistics businesses may enter the industry in the future
” Claims Exposure As of July 31, 2006, the Company utilized the services of approximately 4cmam700 independent contractor owner-operator drivers and messengers
From time to time such persons are involved in accidents or other activities that may give rise to liability claims
The Company currently carries liability insurance with a per occurrence and an aggregate limit of dlra30 million
Independent contractor owner-operators are required to maintain liability insurance of at least the minimum amounts required by applicable state or provincial law (generally such minimum requirements range from dlra35cmam000 to dlra75cmam000)
The Company also has insurance policies covering property and fiduciary trust liability, which coverage includes all drivers and messengers
There can be no assurance that claims against the Company, whether under the liability insurance or the surety bonds, will not exceed the applicable amount of coverage, that the Company’s insurer will be solvent at the time of settlement of an insured claim, or that the Company will be able to obtain insurance at acceptable levels and costs in the future
If the Company were to experience a material increase in the frequency or severity of accidents, liability claims, workers’ compensation claims or unfavorable resolutions of claims, the Company’s business, financial condition and results of operations could be materially adversely affected
In addition, significant increases in insurance costs could reduce the Company’s profitability
Certain Tax Matters Related to Drivers Substantially all of the Company’s drivers at July 31, 2006 were independent contractors who own their own vehicles
The Company does not pay or withhold any federal, state or provincial employment tax with respect to or on behalf of independent contractors
From time to time, taxing authorities in the US and Canada have sought to assert that independent contractor owner-operators in the transportation industry, including those utilized by the Company, are employees, rather than independent contractors
The Company believes that the independent contractor owner-operators utilized by the Company are not employees under existing interpretations of federal (US and Canadian), state and provincial laws
However, there can be no assurance that federal (US and Canadian), state, provincial authorities or independent contractors will not challenge this position, or that other laws or regulations, including tax laws, or interpretations thereof, will not change
If, as a result of any of the foregoing, the Company were required to pay withholding taxes and pay for and administer added employee benefits to these drivers, the Company’s operating costs would increase
Additionally, if the Company is required to pay back-up withholding with respect to amounts previously paid to such drivers, it may also be required to pay penalties or be subject to other liabilities as a result of incorrect classification of such drivers
Any of the foregoing circumstances could have a material adverse impact on the Company’s financial condition and results of operations, and/or to restate financial information from prior periods
” Local Delivery Industry; General Economic Conditions The Company’s sales and earnings are especially sensitive to events that affect the delivery services industry including extreme weather conditions, economic factors affecting the Company’s significant customers and shortages of or disputes with labor, any of which could result in the Company’s inability to service its clients effectively or the inability of the Company to profitably manage its operations
In addition, downturns in the level of general economic activity and employment in the US or Canada may negatively impact demand for the Company’s services
Foreign Exchange Significant portions of the Company’s operations are conducted in Canada
Exchange rate fluctuations between the US and Canadian dollar result in fluctuations in the amounts relating to the Canadian operations reported in the Company’s consolidated financial statements
The Canadian dollar is the functional currency for the Company’s Canadian operations; therefore, any change in the exchange rate will affect the Company’s reported sales for such period
The Company historically has not entered into hedging transactions with respect to its foreign currency exposure, but may do so in the future
There can be no assurance that fluctuations in foreign currency exchange rates will not have a material adverse effect on the Company’s business, financial condition or results of operations
8 _________________________________________________________________ [57]Table of Contents Permits and Licensing Although certain aspects of the transportation industry have been significantly deregulated, the Company’s delivery operations are still subject to various federal (US and Canadian), state, provincial and local laws, ordinances and regulations that in many instances require certificates, permits and licenses
Failure by the Company to maintain required certificates, permits or licenses, or to comply with applicable laws, ordinances or regulations could result in substantial fines or possible revocation of the Company’s authority to conduct certain of its operations
” Dependence on Key Personnel The Company’s success is largely dependent on the skills, experience and performance of certain key members of its management
The loss of the services of any of these key employees could have a material adverse effect on the Company’s business, financial condition and results of operations
The Company’s future success and plans for growth also depend on its ability to attract and retain skilled personnel in all areas of its business
There is strong competition for skilled personnel in the same-day delivery and logistics businesses
Technological Advances Technological advances in the nature of facsimile, electronic mail and electronic signature capture have affected the market for on-demand document delivery services
Although the Company has shifted its focus to the distribution of non-faxable items and logistics services, there can be no assurance that these or other technologies will not have a material adverse effect on the Company’s business, financial condition and results of operations in the future
Technology Infrastructure The Company relies heavily on technology to operate its transportation and business networks, and any disruption to its technology infrastructure or the internet could harm its operations and its reputation among its customers
The Company’s ability to attract and retain customers and to compete effectively depends in part upon the sophistication and reliability of its technology network, including its ability to provide features of service that are important to its customers
Any disruption to its computer systems and web site could adversely impact its customer service, its ability to receive orders and respond to prompt delivery assignments and result in increased costs
While the Company has invested and will continue to invest in technology security initiatives and disaster recovery plans, these measures cannot fully insulate it from technology disruptions and the resulting adverse effect on its operations and financial results
Dependence on Availability of Qualified Delivery Personnel The Company is dependent upon its ability to attract and retain, as employees or through independent contractor or other arrangements, qualified delivery personnel who possess the skills and experience necessary to meet the needs of its operations
The Company competes in markets in which unemployment is generally relatively low and the competition for independent contractor owner-operators and other employees is intense
The Company must continually evaluate and upgrade its pool of available independent contractor owner-operators to keep pace with demands for delivery services
There can be no assurance that qualified delivery personnel will continue to be available in sufficient numbers and on terms acceptable to the Company
The inability to attract and retain qualified delivery personnel could have a material adverse impact on the Company’s business, financial condition and results of operations
Acquisition Strategy; Possible Need for Additional Financing The Company completed its last significant acquisition in August 1998
Currently, there are no pending nor are there any contemplated acquisitions
Should the Company pursue acquisitions in the future, the Company may be required to incur additional debt, issue additional securities that may potentially result in dilution to current holders and also may result in increased goodwill, intangible assets and amortization expense
There can be no assurance that the Company will be able to obtain additional financing if necessary, or that such financing can be obtained on terms the Company deems acceptable
As a result, the Company might be unable to successfully implement its acquisition strategy
See “Management’s Discussion and Analysis of Financial Condition and Results of Operation 9 _________________________________________________________________ [58]Table of Contents — Liquidity and Capital Resources
” Volatility of Stock Price Prices for the Company’s common stock will be determined in the marketplace and may be influenced by many factors, including the depth and liquidity of the market for the common stock, investor perception of the Company and general economic and market conditions
Variations in the Company’s operating results, general trends in the industry and other factors could cause the market price of the common stock to fluctuate significantly
In addition, general trends and developments in the industry, government regulation and other factors could have a significant impact on the price of the common stock
The stock market has, on occasion, experienced extreme price and volume fluctuations that have often particularly affected market prices for smaller companies and that often have been unrelated or disproportionate to the operating performance of the affected companies, and the price of the common stock could be affected by such fluctuations
Fuel Costs The independent contractor owner-operators utilized by the Company are responsible for all vehicle expense including maintenance, insurance, fuel and all other operating costs
The Company makes every reasonable effort to include fuel cost adjustments in customer billings that are paid to independent contractor owner-operators to offset the impact of fuel price increases
If future fuel cost adjustments are insufficient to offset independent contractor owner-operators’ costs, the Company may be unable to attract a sufficient number of independent contractor owner-operators that may negatively impact the Company’s business, financial condition and results of operations