3/4, 4:20 PM (Source: TeleTrader)
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Chart for: FedEx Corp

FedEx suspends services in Russia, Belarus

FedEx Corp. stated on Friday that it is suspending all its services in Russia and Belarus. It also halted operations in Ukraine, citing the safety of its staff.

The transport company said it is providing over $1.5 million in humanitarian aid, "which includes $1 million in in-kind shipping to organizations who are transporting supplies into the area and $550,000 in cash donations to non-government organizations in Europe."

FedEx traded 2.47% lower after the announcement.

Baha Breaking News (BBN) / DJ