FedEx: $775 million FY2Q profit offset by cyberattack effects

Credit: Rob Finlayson
FedEx Corp. posted a $775 million net profit for its fiscal 2018 second quarter, up 11% year-over-year, attributable, the company said, to increased package volume and higher base rates but offset by after-effects of the June cyberattack on FedEx’s Dutch subsidiary TNT Express. Memphis-based FedEx...

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