Logistics Executives Say Brexit Will Rattle European Supply Chains – Wall Street Journal

Shipping and logistics operators say the U.K. vote to leave the European Union will rattle regional supply chains as Britain rebuilds its trading relationships and rules.

Logistics companies said the “Brexit” vote could have a two-pronged impact in the near term, potentially cutting into the movement of goods but also fueling more demand for services to help retailers and manufacturers navigate changing regulations and trade rules.

 

Brexit Will Mostly Spare Transports, But Citi Likes UPS – BarronsOver FedEx – Barrons

Citi’s Christian Wetherbee and his team take a look an transportation in the aftermath of Brexit, writing that the sector’s concentration in North America will help insulate stocks.

He writes that it’s difficult to assess the impact of Brexit, given that there’s of yet no clear time table for when it will happen and few concrete details on how it will impact trade. However, he writes that if stocks fall too hard, there’s an opportunity for value investors.

He sees the initial flight to defensive names as good news for United Parcel Service (UPS) over rival FedEx (FDX).

UPS driver saves Ririe, Idaho family from fire – East Idaho News

A local mother is praising the heroic actions of a United Parcel Service driver after he likely saved her and her sons from what could have been a deadly house fire.

Michelle Evans and her two boys were at their rural Ririe home on the Swan Valley Highway when the fire broke out around 2 a.m. May 20. Her husband was out of town.

UPS Statement on Decision Not to Support National Political Party Conventions in 2016

UPS made the decision last year not to support either political convention when it established the company’s 2016 budget.

We will not have a presence at the Republican nor the Democratic convention. It is erroneous to assert or infer that UPS decided not to support the conventions due to the identity or position of a candidate. In fact, UPS made this decision before any candidate filed for election. It was not a political decision, by any means.