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...Altria, the maker of Marlboro cigarettes, and Union Pacific, the railroad group, are also at risk of failing pay votes in the weeks ahead, according to report last week from Morgan Stanley....
...The company counts aircraft manufacturer Boeing, telecoms group AT&T and the Union Pacific railroad among its clients....
...According to an interview he gave to trade publication Trucks.com in 2019, his father was a manager at the Union Pacific railroad, and his mother died of cancer when he was a teenager....
...A version of this article was first published by Nikkei Asia on January 19. ©2021 Nikkei Inc. All rights reserved....
...A version of this article was first published by the Nikkei Asian Review on January 8 2020. @2020 Nikkei Inc. All rights reserved....
...At Union Pacific, the largest listed railroad company, frac sand accounts for 5 per cent of revenue, according to Bernstein Research....
...Lance Fritz, chief executive of the Union Pacific railroad, said in a recent interview that Mr Trump’s move to scrap Clean Power Plan regulations was unlikely to grow its coal business....
...withdrawal from the single market could leave the company with a massive tax bill....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...NS’s revenue decline follows the announcement last week by Union Pacific, operator of the US’s biggest rail network, that its fourth-quarter net income had fallen 22 per cent following a 31 per cent fall...
...US railroads including Union Pacific, the largest, have also recorded big falls in profits for the fourth quarter....
...Union Pacific fell 3.5 per cent to $79.20, while CSX declined 1.6 per cent to $27.10....
...The Burlington Northern and Santa Fe Pacific railroads merged in 1995, while Union Pacific took over the Southern Pacific the following year....
...NS and CSX dominate the eastern US, Union Pacific and BNSF — part of Warren Buffett’s Berkshire Hathaway — the west and Canadian Pacific and Canadian National Canada and some lines in US....
...Union Pacific fell 3.55 per cent to $71.00, after the railroad operator reported fourth-quarter results that missed analysts forecasts amid weakening freight demand....
...He also suggested that BNSF was considering participating in mergers, although the company — like Union Pacific — has stressed it opposes new mergers....
...The industry’s current structure — with CSX and NS in the eastern US, Union Pacific and BNSF in the west, CP and Canadian National in Canada and Kansas City Southern operating north-south — is widely regarded...
...In the year to date CSX shares are down 14 per cent, while Union Pacific has dropped 5.6 per cent....
...(MarketWatch, NYT) Food for thought TPP won’t tame China Gideon Rachman argues that Obama’s Pacific trade deal is “not a significant enough step to justify all the geopolitical hopes invested in it”, and...
...The months-long disruption in US West Coast ports and falling traffic in coal and crude oil held back first-quarter profit growth at Union Pacific, operator of the US’s biggest rail network....
...companies such as the Union Pacific and the Central Pacific, along whose original tracks he’d walked in Utah in 1994....
...There were also strong fourth-quarter results on Thursday from Canadian Pacific, Canada’s second-biggest railroad, which reported a rise in net income from C$82m to C$451m, on revenue up 8 per cent to C$6.62bn...
...However, Canadian Pacific, one of Canada’s two big railroads, announced on Tuesday that its drivers had given notice of their intention to strike from February 15 if pay negotiations were unsuccessful....
...The union says the problems stemmed from the existing congestion, which it blames on employers’ under-investment....
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