XTN - Why Is Logistics Giant FedEx's Stock Trading Lower Today? | Benzinga
FedEx Corp. (NYSE:FDX) shares are trading lower after the company experienced disruptions across its networks due to a global IT outage caused by a software vendor on Friday.
This widespread tech outage has affected multiple industries, including airlines, broadcasters, banking, and healthcare, creating substantial operational challenges.
It remains unclear if FedEx's network disruptions are linked to the outages at Microsoft Corp (NASDAQ:MSFT) and cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD), reported Reuters.
FedEx said it “has activated contingency plans to mitigate impacts from ...