April 24, 2020 | Headlines, UP
(Source: Progressive Railroading, April 22, 2020) Union Pacific Railroad today posted first-quarter net income of $1.5 billion, or $2.15 per diluted share, compared to $1.4 billion, or $1.93 per diluted share, a year ago. UP officials project second-quarter carload...
April 24, 2020 | Headlines, UP
(Source: Progressive Railroading, April 22, 2020) Union Pacific Corp.’s senior executives will take a 25 percent salary cut and nonunion workers will be required to take unpaid leave, as the Class I responds to a drop in volume due to the COVID-19 pandemic, Dow...
April 24, 2020 | AAR Freight Trends, Headlines
(Source: Bloomberg, April 24, 2020) NEW YORK — Long before talk of driverless trucks, 3-D printing and drone delivery, old-school economic oracles from Warren Buffett to Alan Greenspan watched the railways for early signs of an oncoming U.S. recession. This freight...
April 24, 2020 | AAR Freight Trends, Headlines
(Source: Association of American Railroads press release, April 22, 2020) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 18, 2020. For this week, total U.S. weekly rail traffic was 403,283...
April 24, 2020 | AAR Freight Trends, Headlines
(Source: Freight Waves, April 22, 2020) CHATTANOOGA, Tenn. — U.S. weekly rail traffic sank nearly 23% last week as COVID-19 pandemic woes put pressure on rail volumes for the second quarter. For the week ending April 18, U.S. rail volumes slipped 23.3% compared with...
