FedEx's TNT Express Service Disruption Could Be Financially 'Material'

FedEx's TNT Express Service Disruption Could Be Financially 'Material'

FedEx Corp. said the worldwide operations of its TNT Express unit has been "significantly" affected by a cyberattack, causing delays in service.

The company said TNT's operations and communications systems have been "disrupted" but no data breach is known to have occurred. The rest of FedEx's businesses continued normally. TNT Express domestic country and regional network services are largely operational, but slowed. We are offering a full range of FedEx Express services as alternatives.

Germany coach wants clarity on Russia football doping claims
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The company said it was unable to measure the financial impact of the service disruption at TNT, but it could be "material".

FedEx shares fell less than 1 percent immediately after trading resumed and, at the time of publication, was trading up 1 percent on the day to $216.61.

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