United Parcel Service Inc. and FedEx Corp. are two of the biggest parcel delivery companies in the United States and the world. Due to the ongoing Russian invasion of Ukraine, they have halted their services in Russia and Ukraine.
UPS and FedEx's announcement of service suspension came after the Russian troops advanced to the second largest city of Ukraine. On top of this, President Vladimir Putin also ordered his nuclear forces to be on high alert, which prompted countries to hand down more sanctions against Moscow.
With the latest developments in the escalating war and things are getting more dangerous, the shipping giants made the decision to stop their operations in the said countries. According to Reuters, UPS and FedEx's inbound and outbound services to Ukraine have been halted. The companies will also stop all deliveries to any locations in Russia.
As for DHL, a German logistics company that offers the same kind of services like FedEx and UPS, it was revealed to have also stopped shipments to and from Ukraine. But while it will not be servicing Ukraine for now, it was not mentioned if it also suspended its operations in Russia.
Apparently, the shipping companies are taking steps and carrying out contingency plans for their business in the countries that are currently in crisis. The Wall Street Journal reported that all packages and shipments that are already on their way to Russia and Ukraine will be returned to the sender for free whenever possible.
"Our focus is on the safety of our people, providing continued service and minimizing disruption to our customers," UPS' website's service alert notice reads. "UPS continues to closely monitor the situation and will re-establish service as soon as it is practical and safe to do so."
FedEx also posted a similar notice about the service interruption and said that the company is "closely monitoring the situation and have contingency plans in place. Meanwhile, the United States and its EU allies are imposing sanctions in an attempt to stop Russia from its invasion attacks on Ukraine. The past weekend, they have pulled out some Russian banks from the international SWIFT messaging system, so they cannot carry out financial transactions.


Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency
Asian Stocks Gain Amid Iran Conflict Uncertainty
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 



