💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

FedEx warns of delays in some Louisiana markets due to Storm Francine

Published 09/10/2024, 06:53 PM
Updated 09/10/2024, 06:57 PM
© Reuters. FILE PHOTO: A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022.  REUTERS/Bing Guan/File Photo
FDX
-

(Reuters) - FedEx (NYSE:FDX) said on Tuesday pickup and delivery services in some markets of Louisiana could be disrupted by the expected upheaval from Storm Francine, which is set to become the fourth hurricane of the Atlantic season.

Customers in New Orleans and Lafayette could see their services impacted, the parcel delivery giant said, adding it would update the list of affected areas as the storm progresses.

Francine was intensifying and was on track to become a hurricane, the U.S. National Hurricane Center said, prompting Louisiana residents to flee inland and oil and gas companies to shut-in Gulf of Mexico production.

The storm is expected to make landfall on Wednesday near Cameron in Louisiana, with life-threatening winds, drenching rains and a storm surge.

It could be a major test for the logistics industry, which has already had to grapple with several weather-related events this year.

© Reuters. FILE PHOTO: A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022.  REUTERS/Bing Guan/File Photo

In separate updates posted on its website, FedEx also said it had resumed its international priority inbound and outbound services in Ukraine. Its international priority service provides time-definite delivery in one to three business days.

International inbound and outbound delivery services had also been reinstated in Israel, the company said. A surprise attack by Palestinian group Hamas in October had prompted FedEx to suspend its services in the country.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.