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Industry News

Will Brexit Dampen FedEx’s European Ambitions? – Market Realist

Brexit caused a 4.7% fall in FedEx’s (FDX) common stock. This was nearly double compared to a 2.6% fall in the price of United Parcel Service’s (UPS) share.

After Brexit, the successful integration of TNT would be a big challenge for FedEx. With new processes coming into play in next few quarters, it will increase the delivery hours. This will lead to more administrative work while crossing borders. It will have a negative impact on the services. It might result in slower delivery speeds, higher costs, and fewer customers.

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UPS Press Release

UPS Recognized as One of the Most Community-Minded Companies on 2016 Civic 50 List

Points of Light honors UPS for its community engagement and philanthropic efforts for 3rd year

UPS® (NYSE: UPS) today was recognized again as a leader in global volunteerism on the 2016 Civic 50, marking the third year the company has made the list.

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Industry News UPS News

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.

“There clearly is going to be a period of transition here where everyone is trying to figure out exactly how Brexit will take place. But it’s not like the U.K. will stop trading with the EU and the U.S. or anyone else,” said Andrew Clarke, chief financial officer at Minneapolis-based C.H. Robinson.

 

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UPS News

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.

Evans woke up when she heard her dogs barking outside.

Categories
UPS News

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.

Evans woke up when she heard her dogs barking outside.