News / FedEx-TNT integration plans hit as cyber attack wreaks hi-tech havoc

FedEx could change its integration plans for TNT following last month’s Petya cyber attack, admitting that some systems may never be fully recovered.

It filed its Form 10-K with the SEC yesterday (see The Loadstar analysis today), and revealed that the financial impact of the attack was likely to be “material”.

FedEx said: “We do not have cyber or other insurance in place that covers this attack. Although we cannot currently quantify the amounts, we have experienced loss of revenue due to ...