FedEx says operations at TNT Express disrupted after virus attack

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Package delivery company FedEx Corp FDX.N said on Wednesday operations in its TNT Express unit were disrupted after its information systems were hit by a virus attack.

Operations were halted at the normally bustling APM Terminal, owned by Danish shipping company A.P. Moller-Maersk, beginning at about 6 a.m. Tuesday, and remained shut down Wednesday.

FedEx said that the domestic, regional and intercontinental operations of TNT Express, a courier delivery unit, were "largely operational, but slowed". TNT Express had revenue of $1.91 billion in fiscal 2017, representing 12.2% of FedEx's total revenue of $15.7 billion.

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Remediation steps and contingency plans are being implemented as quickly as possible. The ransomware, called Petya, has reached 65 countries, Microsoft said Wednesday.

In the May attack, computers in thousands of places in up to 74 countries reportedly had been locked by a program that demanded payment in an online currency called Bitcoin. Management reported it could not immediately determine the financial impact of the disruption but indicated that it could be material.

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