Written by David Nahass, Financial Editor for railwayage.com FINANCIAL EDGE, RAILWAY AGE MAY 2022 ISSUE: Sports journalists say they don’t root for teams; they root for stories. At “Financial Edge,” the circumstance is the same. There always needs to be something to write about. Nonetheless, at its heart, “Financial Edge” roots for the railroads. The […]
Written by David C. Lester, Managing Editor for rtands.com Since shortly after World War II, the number of people employed by the railroad industry has trended downward. Several years saw increases in rail employment. One example was the 2014 traffic boom, led by the explosion of crude-by-rail, which left freight trains sitting on mainlines because […]
Josh Funk, Ap Business Writer OMAHA, Neb. (AP) — Union Pacific expects to haul less freight in the second half of the year than it previously predicted, which isn’t a good sign for the economy. The Omaha, Nebraska-based railroad said Wednesday that the volume of cars, construction materials, grain and imported goods it will haul […]
5 industrial stocks Cramer likes right now from CNBC. CNBC’s Jim Cramer has been pinpointing the most investable stocks in sectors from health care to energy, and on Wednesday, he turned to what he called “the most fraught cohort in this entire market”: the industrials. “If there’s one thing I know from running a hedge […]
As the city of Bismarck continues to place a strong emphasis on improving its sidewalks, the mayor says he’s ready to do battle with Union Pacific over a small portion of land needed to make travel safer for the elderly, children and people with physical disabilities. During a meeting this month, the city’s planning and […]
Union Pacific will haul all ONE’s containers arriving in Los Angeles, Long Beach, Seattle and Tacoma. UP photo The biggest Class I continues to see delays at the nation’s biggest intermodal gateway. Shortages of power and railcars, and congestion from new shipping patterns have slowed operations for Union Pacific at marine terminals in the Port […]
Last week, CSX Corporation(NASDAQ: CSX) announced that it’s soliciting bids for six non-contiguous rail segments located in North Carolina, West Virginia, Kentucky, and New York. Selling the non-core assets, which comprise approximately 650 miles of track, is part of a “broader initiative to drive asset utilization, enhance network efficiency and create long-term value for the company,” […]
In the age of Amazon and a revving global economy, few sectors have investors more excited than transportation. People, products and packages are circling the world at an ever growing rate, fueling the bottom lines of shippers, airlines and railroads alike. Both the Dow Jones Transportation Index and the S&P Transportation Select Industry Index gained […]
‘I am worried about NAFTA,’ says CEO of major US railroad serving Mexico and Canada from CNBC.
Union Pacific Railroad yesterday released its ninth annual sustainability report, which details the company’s progress on social, economic and environmental initiatives during 2017. UP applies the Global Reporting Initiative‘s reporting standards to report the company’s social responsibility issues, including economic impact, operating safely, strengthening communities, engaging employees and preserving the environment. “Union Pacific’s sustainability approach […]