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Cyberattack disrupts FedEx for $300M; major Walgreens deal nearly done
Memphis Business Journal
“The first quarter posed significant operational challenges due to the TNT Express cyberattack and Hurricane Harvey, and I want to thank our team members for their extraordinary dedication and performance,” said Fred Smith, FedEx Corp. chairman and CEO ...
NotPetya cyber attack on TNT Express cost FedEx $300mZDNet
FedEx blames TNT Express cyberattack for earnings missFinancial Times
FedEx raises TNT integration costs by $75 million: filingsReuters
iTnews -The Commercial Appeal -Business Insider -Zacks Investment Research
all 245 news articles »

Market Realist

FedEx Corporation first-quarter results: The raw numbers
Motley Fool
TNT Express is now included within the FedEx express segment, so I've used the adjusted figures in the table. The reported express numbers include $88 million in TNT Express integration expenses.
FedEx Quarterly Profits Decline on TNT Cyberattack, Hurricane HarveyTransport Topics Online
Will the TNT Cyberattacks Impact FedEx's Planned Capital Expenditure?Market Realist
FedEx cuts profit forecast due to $300-M hit from cyberattackManila Bulletin
Business Insider -Supply Chain Dive -ExpressNewsline
all 26 news articles »


FedEx downgraded by UBS on lingering fallout from overseas cyberattack
UBS lowers its rating on FedEx shares to neutral from buy, saying the company is facing market share losses in Europe due to the cyberattack disruptions in its TNT Express subsidiary. "We expect a combination of additional expense and lost revenue at ...
FedEx preview: Earnings expected to reflect June cyberattackMemphis Business Journal

all 4 news articles »

Earnings Watch: FedEx Profit Falls Due to Cyberattack, Hurricane Harvey
Heavy Duty Trucking
The worldwide operations of TNT Express were significantly affected during the first quarter by the June 27 “NotPetya” cyberattack. Most TNT Express services resumed during the quarter. and substantially all TNT Express critical operational systems ...

KEY 15: Investors listen, and like what they hear
Quad City Times
But, while profits were damaged by one-time costs associated with Hurricane Harvey and with a European cybersecurity attack on FedEx's TNT Express operations there, removal of those one-time events produced profits of $3.32 per share, up 25.2 percent ...


FedEx attributes $300 million loss to NotPetya ransomware attack
The package delivery company's Dutch subsidiary, TNT Express, was infected with the NotPetya ransomware virus in late June. NotPetya hit companies in Ukraine in late June and soon spread to other countries. Much of TNT Express's operations are based ...


FedEx to close a Melville office, offer other jobs to workers
The planned closing is part of the “integration” of FedEx with Dutch company TNT Express N.V., which the Memphis-based delivery service bought last year, the company said. Business29 recent retail, chain store closings on LI. Under New York's Worker ...

Yahoo Finance

FedEx's weak guidance, Bed Bath & Beyond bludgeoned, Amazon's smart glasses
Yahoo Finance
First up is FedEx. The shipper in focus today after it missed on earnings by 58 cents and cut its forecast, due to the estimated negative impact of Hurricane Harvey and a cyberattack affecting TNT Express. Taking a look at the chart, shares are up ...

and more »

Memphis Daily News

Computer Attacks Underscore Need for Cyber Insurance
Memphis Daily News
The cyberattack that hit FedEx subsidiary TNT Express in June, temporarily disrupting the company's worldwide information systems, was a reminder about the fragility of digital systems that Herb Davis didn't need. FedEx subsidiary TNT Express was hit ...

and more »

FedEx's (FDX) CEO Fred Smith on Q1 2018 Results - Earnings Call Transcript
Seeking Alpha
The TNT Express cyberattack and Hurricane Harvey post significant challenges to our operations in the first quarter. I would like to thank to FedEx team for its extraordinary support of humanitarian relief efforts and our teams commitment to the Purple ...

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