FedEx Grapples With TNT Express Cyberattack: Time to Dump?
“FedEx’s operations have been severely hurt by the Jun 27 cyberattack on its subsidiary, TNT Express. The attack caused large-scale service delays on its TNT Express unit. Evidently, the company’s top line in first-quarter fiscal 2018 was affected, primarily due to decreased volumes at TNT Express. First-quarter results were also hampered by Hurricane Harvey. In […]
FedEx Reports Material Financial Impact From Last Month’s ‘Petya’ Cyber Attack
“FedEx Corp. announced that it expects to see a material financial impact from the ‘Petya’ cyber attack that crippled the computer systems of its European arm TNT Express, which FedEx acquired in May 2016. The company made the announcement in its SEC 10K filing. FedEx said that all of its other computer operations were unaffected […]