Five Checks For … Stress-Testing Supply Chains for Tariff Shock
Published . Updated .
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View our Five Checks For … Stress-Testing Supply Chains for Tariff Shock insight.
Directly affected
- No company is named in this report.
Indirectly affected
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it holds transport and logistics firms. Linked by “supply chain” (transport and logistics) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- UPS United Parcel Service+20.6% 18d
United Parcel Service (trucking and courier services (no air)): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story.
- FDX FedEx+17.8% 30d
FedEx (air courier services): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story.
- UNP Union Pacific+9.2% 30d
Union Pacific (railroads, line-haul operating): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story.
- BKNG Booking Holdings+8.6% 30d
Booking Holdings (transportation services): freight and delivery firms move with trade volumes. Linked by “supply chain” (transport and logistics) in this story.
- CAT Caterpillar-26.6% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-1.4% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IYT | -0.44% | +0.77% | base | after close | after close | after close | after close |
| XLI | +3.03% | +5.45% | base | after close | after close | after close | after close |
| UPS | -2.49% | -1.70% | base | after close | after close | after close | after close |
| FDX | -1.27% | +0.42% | base | after close | after close | after close | after close |
| UNP | +2.02% | +1.84% | base | after close | after close | after close | after close |
| BKNG | -12.23% | -6.88% | base | after close | after close | after close | after close |
| CAT | +12.53% | +12.71% | base | after close | after close | after close | after close |
| DE | +1.76% | +0.35% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Five Checks For … Stress-Testing Supply Chains for Tariff Shock Foley & Lardner LLP
Source: Foley & Lardner LLP
This story
| Company | When | Move | Status |
|---|---|---|---|
| BKNG | three days earlier | -6.88% | final price |
| BKNG | five days earlier | -12.23% | final price |
| CAT | three days earlier | +12.71% | final price |
| CAT | five days earlier | +12.53% | final price |
| DE | three days earlier | +0.35% | final price |
| DE | five days earlier | +1.76% | final price |
| FDX | three days earlier | +0.42% | final price |
| FDX | five days earlier | -1.27% | final price |
| IYT | three days earlier | +0.77% | final price |
| IYT | five days earlier | -0.44% | final price |
| UNP | three days earlier | +1.84% | final price |
| UNP | five days earlier | +2.02% | final price |
| UPS | three days earlier | -1.70% | final price |
| UPS | five days earlier | -2.49% | final price |
| XLI | three days earlier | +5.45% | final price |
| XLI | five days earlier | +3.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rick Larsen sold Fedex (FDX), worth $1,001 - $15,000 on 8 Oct 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Fedex (FDX) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Fedex (FDX), worth $1,001 - $15,000 on 24 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Booking Holdings (BKNG) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Booking Holdings (BKNG), worth $250,001 - $500,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 38 days before publication. Filed 12 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Five Checks For … Stress-Testing Supply Chains for Tariff Shock” scores 12 out of 100. The score uses 1 sources.