How Is FedEx Progressing in the TNT Express Integration?
FedEx (FDX) expects TNT Express integration expenses to be ~$450.0 million for fiscal 2019. In the previous fiscal year, the company incurred $477.0 million in expenses associated with TNT Express integration. Pursuant to the cyber attacks in June last year, the company now anticipates higher incremental integration expenses than expected earlier. The attacks resulted in huge investments in technology by the parcel delivery company.