UPS CEO Abney calls for swift resolution on Brexit

In an interview with Reuters yesterday (30 June), UPS CEO David Abney reportedly said that the UK’s Brexit vote should have relatively little short term impact on trade flows – provided that the negotiations over the country’s new position with regard to the European Union are not too protracted. “If the government sorts things out in a way that’s considered reasonable in the minds of our shippers, then I believe it will have much less effect,” Abney was quoted as saying. “But if this thing gets long drawn out and real complicated, that never helps anything.”

The UPS CEO was also quoted as saying: “Hopefully this thing doesn’t have any real effect on the overall economy, but we’re just going to have to let things sort themselves out.”