Hints and tips:
...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....
...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....
...published on Tuesday by the German chambers of commerce and industry (DIHK)....
...US railroads including Union Pacific, the largest, have also recorded big falls in profits for the fourth quarter....
...The Burlington Northern and Santa Fe Pacific railroads merged in 1995, while Union Pacific took over the Southern Pacific the following year....
...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....
...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....
...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....
...Industry-wide retrenchment has already seen thousands lose their jobs and slowed down the US shale boom....
...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....
...“Last year was the worst it has ever been,” Mr Burkhart says of the service the company received from Burlington Northern Santa Fe and Canadian Pacific, the two railroads that serve its nine facilities....
...The S&P 500 railroads index, which consists of CSX, Kansas City Southern, Norfolk Southern and Union Pacific Corp stocks, closed 0.6 per cent lower on the news....
...But western oil companies are also among the losers....
...“Spreads are favouring the Bakken crude to move to the east and west coasts, and not to the Gulf coast,” says Jack Koraleski, chief executive of Union Pacific (UP), the US’s biggest rail network....
...The RD180 engines that powered the Atlas V rocket off the launch pad were built not by one of the US’s domestic aerospace companies but by Russia’s NPO Energomash, currently maker of some of the world’s...
...investment in the Chinese non-ferrous metals industry....
...The line up is: Portugal v Sweden, France v Ukraine, Greece v Romania and Iceland v Croatia PlayStation 4 launches Sony launches its PlayStation 4 in the US....
...However, Jack Koraleski, chief executive of Union Pacific, operator of the biggest network, Wick Moorman, chief executive of Norfolk Southern, operator of the fourth-biggest, and Fredrik Eliasson, chief...
...Jack Koraleski, Union Pacific’s chief executive, said the company planned to invest more than $250m this year in assets mainly for use by its crude oil business....
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