FedEx, UPS Warn of Delivery Delays From Global Tech Outage
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FedEx Corp. and UPS Inc. warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies around the globe.
FedEx is seeing “substantial disruptions throughout our networks” due to the third-party issues, it said in a statement on its website. The company is implementing contingency plans but said delays are likely for parcels scheduled for delivery July 19.
Some of UPS’s computer systems are being affected and it is also looking at work-arounds to minimize interruptions, the company said in a separate statement. Its planes continue to operate and drivers are still on the road, UPS said.
The issues come days after Amazon.com Inc.’s annual Prime Day shopping extravaganza, which the tech giant said was their biggest ever. Amazon said it sold more than 200 million items during the July 16-17 event.
UPS ranks No. 1 and FedEx No. 2 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
FedEx and UPS shares were little changed before regular trading in New York.
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