(Adds detail on operating margin) Oct 25 (Reuters) - Union Pacific Corp on Thursday posted a bigger-than-expected jump in quarterly profit and said it was working to run its trains more efficiently as new U.S. trade policies and economic softening in Europe threaten to slow business down. Shares of Union Pacific, which connects 23 states…
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Oct 25 (Reuters) - No. 1 U.S. railroad Union Pacific Corp reported a 33 percent rise in quarterly profit on Thursday, boosted by a rise in freight revenue. The company's net income rose to $1.59 billion, or $2.15 per share, in the third quarter ended Sept. 30, from $1.19 billion, or $1.50 per share, a…
(Adds third-quarter details, compares with estimates) Oct 25 (Reuters) - Union Pacific Corp, the No. 1 U.S. railroad, topped quarterly Wall Street estimates for profit on Thursday, as it transported more industrial and agricultural products. A strong economy, robust freight demand and a tight trucking market in the United States have buoyed the sector, with…
Rail News Home Federal Legislation & Regulation 10/24/2018 Rail News: Federal Legislation & Regulation FRA's Ries receives Operation Lifesaver's Champion Award Ries is staff director of the FRA's highway-rail crossing and trespasser programs division. Photo – Operation Lifesaver Inc. Operation Lifesaver Inc. (OLI) has presented its Champion Award to the Federal Railroad Administration's (FRA) Ronald…
(Adds details on union workforce, competition) Oct 23 (Reuters) - Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. Union Pacific, which connects 23 states in the western two-thirds…
(Adds CEO comments on political climate) Oct 19 (Reuters - Railroad operator Kansas City Southern on Friday reported a 34 percent jump in quarterly profit even though network congestion hurt operations in Mexico, where the company has extensive services. Shares jumped 3.6 percent to $106.41 in early trading after Chief Executive Patrick Ottensmeyer said anxiety…
Rail News Home Federal Legislation & Regulation 10/18/2018 Rail News: Federal Legislation & Regulation FRA's Batory meets with PTC system suppliers Batory met with the suppliers to better understand the critical supply chain and supply industry's capacity to support the installation and testing requirements. Photo – FRA Federal Railroad Administrator Ronald Batory yesterday completed a…
Rail News Home Federal Legislation & Regulation 10/17/2018 Rail News: Federal Legislation & Regulation Schumer wants railroads to notify locals when transporting hazmat The senator called on the railroads to expand their notification system to include more examples of "incredibly dangerous materials." Photo – Schumer's office U.S. Sen. Charles Schumer (D-N.Y.) this week called on…
CNBC's Jim Cramer ranks the most investable stocks in the industrial space, which includes railroad operators, manufacturers and aerospace plays. Among the "Mad Money" host's favorites are Union Pacific, Boeing and Textron. show chapters Cramer flags 5 industrial stocks he likes right now, including Union Pacific and Boeing 4 Hours Ago | 11:36 Disclosure: Cramer's…
CSX on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast.The No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight.Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv…