MEMPHIS, Tenn. — FedEx Corp. says it is still working to recover from a cyberattack that hit its European TNT Express unit, and the incident could have a material impact on its financial results.
FedEx said in a regulatory filing that the June 27 attack was causing lost revenue and higher costs for Netherlands-based TNT, which FedEx bought for $4.8 billion last year.
The so-called Petya attack spread a virus through a Ukrainian tax-software product used by TNT. FedEx said all TNT facilities were running but many tasks were being performed manually and customers were experiencing delays.
