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UPS and FedEx halting shipments to Russia and Ukraine

Stock Markets Feb 27, 2022 05:26PM ET
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2/2 © Reuters. FILE PHOTO: The company logo for United Parcel Service (UPS), is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid 2/2
 
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WASHINGTON (Reuters) -U.S.-based United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE:FDX), two of the world's largest logistics companies, have said they are halting delivery service to Russia and Ukraine in light of the Russian invasion of its neighbor.

Meanwhile, German logistics company Deutsche Post (OTC:DPSGY) DHL said it had temporarily suspended shipments to and from Ukraine and was avoiding Ukrainian airspace for its global operations.

Both inbound and outbound services have been suspended to Ukraine, as well as deliveries to destinations in Russia, UPS and FedEx said in online statements seen on Sunday.

Both Atlanta-based UPS and Memphis-headquartered FedEx had said on Feb. 24 that they were suspending services to Ukraine in light of the invasion.

It was unclear if both firms continue to use Russian airspace as part of their general operations. Neither responded immediately to requests for comment.

DHL's statement did not mention if its operations in Russia had been amended, and follow-up questions seeking clarification were not immediately answered.

UPS and FedEx halting shipments to Russia and Ukraine
 

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Comments (5)
Lake Lot
Lake Lot Feb 27, 2022 3:33PM ET
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I suggest they deliver a package to Putin
Ac Tektrader
Ac Tektrader Feb 27, 2022 3:33PM ET
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Lake lot ..How about a package he can't refuse...
Bob Albright
Bob Albright Feb 27, 2022 3:26PM ET
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Puty will be kissing ********tomorrow begging for this to stop with his tail between his legs!
Jan Buyle
Jan Buyle Feb 27, 2022 2:55PM ET
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Great. All companies should stop their businesses in Russia, factories should stop production lines, service companies should stop all services in russia. This is the time to stop a new **** Don't miss it!
Marcus Bennett
Marcus Bennett Feb 27, 2022 2:50PM ET
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that's UPS loss in business
Ac Tektrader
Ac Tektrader Feb 27, 2022 2:50PM ET
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I see marcus, money first freedom second...
Empire Destroyer
Empire Destroyer Feb 27, 2022 2:50PM ET
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lol US always money first under the disguise of freedom...
John Healy
John Healy Feb 27, 2022 2:50PM ET
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I’m retired UPS. The company will hardly notice, but even if they do they understand some things are more important than revenue.
Mr Islander
mindsetfirst Feb 27, 2022 2:47PM ET
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Economic crisis
 
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