FedEx braces for financial loss as global cyberattack leaves computer systems offline

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FedEx Corp., the multinational courier and delivery services firm, has revealed it is yet to regain full operational control of its Netherlands-based subsidiary TNT Express, a transportation company it acquired in May 2016 for $4.8bn (£3.7bn), following a global cyberattack last month. In an annual report for the fiscal year 2017 sent to the Securities and Exchange Commission (SEC), FedEx revealed that the June 27 ‘NotPetya’ ransomware attack will have both financial and “material”

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