The Briefing Room

General Category => Economy/Business => Topic started by: Idaho_Cowboy on October 20, 2016, 05:20:27 pm

Title: Union Pacific 3Q Profit Falls 13 Percent as Shipments Slow
Post by: Idaho_Cowboy on October 20, 2016, 05:20:27 pm

Union Pacific 3Q Profit Falls 13 Percent as Shipments Slow
By JOSH FUNK, AP BUSINESS WRITER OMAHA, Neb. — Oct 20, 2016, 12:53 PM ET

Union Pacific's profit fell 13 percent in the third quarter because the railroad's efforts to cut costs and improve productivity couldn't offset a 6 percent decline in total freight.

Its stock fell more than 6 percent in midday trading.

The Omaha, Nebraska, based railroad said Thursday it earned $1.13 billion, or $1.36 per share. That's down from $1.3 billion, or $1.50 per share.

The 13 analysts surveyed by Zacks Investment Research expected earnings of $1.39 per share on average....
http://abcnews.go.com/Business/wireStory/union-pacific-3q-profit-falls-13-percent-shipments-42937769

Title: Re: Union Pacific 3Q Profit Falls 13 Percent as Shipments Slow
Post by: thackney on October 20, 2016, 05:41:36 pm

"Revenue from agricultural shipments grew 6 percent. All the other major freight categories declined, and coal led the way with a 19 percent drop."

Title: Re: Union Pacific 3Q Profit Falls 13 Percent as Shipments Slow
Post by: Fishrrman on October 21, 2016, 01:18:41 am

Without the trains running, what to do with all those idle locomotives?
Find a place and park 'em:

http://vimeo.com/156998418

Title: Re: Union Pacific 3Q Profit Falls 13 Percent as Shipments Slow
Post by: Idaho_Cowboy on October 21, 2016, 04:00:47 pm

Quote from: Fishrrman on October 21, 2016, 01:18:41 am

Without the trains running, what to do with all those idle locomotives?
Find a place and park 'em:

http://vimeo.com/156998418

Wow, that's a lot of locomotives. They have a bunch parked in the Nampa, ID yard, but not that many.  A lot of the ones in the video don't look like they are that old either.