FedEx’s China headaches are continuing.
Chinese authorities opened an investigation after Chinese telecom equipment giant Huawei said FedEx had diverted packages sent from its Japan offices to China, to the logistics company’s US headquarters instead. The diversion happened soon after the US in May placed restrictions on its companies’ dealings with Huawei, banning the Chinese firm from receiving components from American suppliers. The ban was later relaxed for three months.
FedEx apologized at the time, saying it had “mishandled” the packages and that there was no “external pressure” on the company.