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FDX FedEx Corp

259.30
0.52 (0.20%)
Pre Market
Last Updated: 13:14:35
Delayed by 15 minutes
Share Name Share Symbol Market Type
FedEx Corp NYSE:FDX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.52 0.20% 259.30 263 13:14:35

Delivery Companies Face Issues With Shipments to Individuals in Russia -2nd Update

23/01/2014 10:22pm

Dow Jones News


FedEx (NYSE:FDX)
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Delivery companies including FedEx Corp. (FDX) and United Parcel Service (UPS), have had issues with foreign deliveries to individual customers in Russia over stricter government paperwork requirements, Reuters reported Thursday.

The report said FedEx temporarily suspended foreign shipments to individual customers. A FedEx spokesman told The Wall Street Journal that the company "complies with all customs regulations for international shipments" and emphasized that the temporary suspension applies only to shipments to individuals. The spokesman referred further questions to the Russian customs authorities.

DHL Worldwide Express Inc. said it will suspend shipments of products for personal use to Russia from Jan. 27, Reuters reported. DHL said an expanded list of required documents has significantly slowed down the customs process, Reuters reported. A spokesman for DHL was not immediately available for comment to the Journal.

A spokeswoman for UPS told the Journal that the company has experienced "significant delays" in its deliveries of packages to private individuals in Russia, but hasn't suspended its deliveries. However, she said UPS is evaluating whether to do so. She said commercial shipments to businesses and document shipments to individuals have not been affected.

Full story at: www.reuters.com/article/2014/01/23/us-dhl-russia-idUSBREA0M1JX20140123

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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