Saturday, May 18, 2024

FedEx Q1 figures hit by June cyber attack and hurricane

FedEx reported yesterday that the 27 June NotPetya virus cyber attack on TNT Express wiped $300 million from its quarterly profit, while Hurricane Harvey also impacted operations. FedEx said the worldwide operations of TNT Express were “significantly affected” during Q1 cyber attack, but most TNT services resumed during the quarter and all TNT Express critical […]

TNT customers continue to feel the affect of cyber-attack

FedEx says TNT Express customers are still “experiencing widespread service and invoicing delays” three weeks after the cyber-attack on 28 June, which had significant impact on TNT’s worldwide information systems. FedEx says the attack has affected its financial performance, but it is “still evaluating the financial impact of the attack”, but it is likely it will be material. […]