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After Cyber Attack, FedEx Temporarily Halts Trading of Its Shares

An attack at subsidiary TNT Express may disrupt FedEx's push to hit a record-high share price.

Worldwide operations and communications of Netherlands-based FedEx subsidiary TNT Express have been "significantly affected due to the infiltration of an information system virus" and the impact "could be material," the company said in a release today. 

FedEx Corp. temporarily suspended trading of its shares on the New York Stock Exchange for approximately 50 minutes. The share prices had been rising before it called for suspension.

Other FedEx operations, outside of TNT Express, were unaffected, and no data breach has been detected.

Read more details here.

 

 

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