FedEx Corp. said Wednesday that its TNT Express subsidiary was “significantly affected” by an information systems “virus.” The package delivery giant said that while TNT’s operations and communications systems were disrupted by the virus, it is not aware of any data breach. TNT Express had revenue of $1.91 billion in fiscal 2017, representing 12.2% of FedEx’s total revenue of $15.7 billion. FedEx’s stock has resumed trade after a halt, and was up 0.8% in midday trade. It has climbed 16% year to date, while the Dow Jones Transportation Average has gained 5.3% and the S&P 500 has advanced 9.0%.
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