Union Pacific

BNSF and UP say possible container glut doesn’t scare them

Since late last year, BNSF Railway and Union Pacific have been busy handling a surge of containers from West Coast ports as U.S. companies pulled forward imports to beat potential tariffs.

But now with a trade war underway — and tariffs as high as 145% on goods made in China — the number of containers bound to the U.S. from China has dropped precipitously. Container shipping line Hapag-Lloyd, for example, has seen its China-U.S. bookings drop by a third since tariffs were imposed on April 2. And...

https://www.freightwaves.com/news/bnsf-and-up-say-possible-container-glut-doesnt-scare-them

BNSF, UP battle over California mountain pass trackage rights

Every day Union Pacific and BNSF Railway trains battle gravity and curvature as they wind their way up and down the former Southern Pacific main line through the rugged Tehachapi Mountains of Southern California.

Now UP and BNSF are engaged in a different sort of fight: The railroads have been unable to come to terms on a new deal for BNSF’s use of the line. And so UP (NYSE: UNP) has brought a rare trackage rights dispute to the Surface Transportation Board.

The railroads filed final briefs in...

https://www.freightwaves.com/news/bnsf-up-battle-over-california-mountain-pass-trackage-rights

Union Pacific posts flat quarterly results despite volume growth

Union Pacific (NYSE: UNP) reported flat quarterly earnings Thursday as a decline in fuel surcharge revenue offset record freight revenue that flowed from industry-leading volume growth.

“We had a solid start to the year. … [W]e delivered record first-quarter operating performance,” CEO Jim Vena told investors and analysts on the railroad’s earnings call. “Further, we had the strongest carload growth of the Class I’s as we worked closely with our customers to meet their needs in an uncertain...

https://www.freightwaves.com/news/union-pacific-posts-flat-quarterly-results-despite-volume-growth

First look: Union Pacific earnings

Union Pacific Corp. on Thursday said first quarter revenue and earnings were unchanged from a year ago as better volumes and pricing were offset by the mix of freight moving on its rails.

The Omaha, Nebraska-based carrier (NYSE: UNP) said net income for the quarter ended March 31 was $1.6 billion, or $2.70 per diluted share, from net income of $1.6 billion, or $2.69 per diluted share, in the year-ago quarter.

“The team delivered a solid start to the year as we worked closely with our customers to...

https://www.freightwaves.com/news/first-look-union-pacific-earnings

Central Oregon & Pacific takes over UP operations in Eugene, Oregon, Saturday

Genesee & Wyoming short line Central Oregon & Pacific can take over local operations from Union Pacific in Eugene, Oregon, as soon as Saturday, federal regulators have ruled.

In a unanimous decision Tuesday, the Surface Transportation Board denied the SMART-TD union’s request to scrutinize and reject the lease deal. The decision also denied Central Oregon & Pacific’s request that the board partially waive labor notification requirements.

G&W will take a phased approach to beginning operations on...

https://www.freightwaves.com/news/central-oregon-pacific-takes-over-up-operations-in-eugene-oregon-saturday

Union Pacific Railroad CEO ‘muy cómodo’ trabajando a través de tarifas

DENVER – El director ejecutivo de Union Pacific dice que su compañía trabajará a través de los choques arancelarios que agarran la economía de la misma manera que trabajó a través de la pandemia. «No puedo controlar lo que hacen los gobiernos», dijo el presidente ejecutivo de la Unión Pacífico, Jim...

https://fullavantenews.com/union-pacific-railroad-ceo-muy-comodo-trabajando-a-traves-de-tarifas/?lang=es

Union Pacific Railroad CEO ‘very comfortable’ working through tariffs

DENVER — The chief executive of Union Pacific says his company will work through tariff shocks gripping the economy the same way it worked through the pandemic.

“I can’t control what governments do,” Union Pacific Chief Executive Jim Vena told a rail industry conference. “It’s noisy, it’s a son of a gun. But we can get through this the same way we got through the tech bubble and COVID.

“I’m very comfortable going through all this.”

Vena was the keynote speaker Monday at the annual conference of...

https://www.freightwaves.com/news/union-pacific-railroad-ceo-very-comfortable-working-through-tariffs

New US tariffs hit railroad stocks in early trading

Railroad stocks tumbled Thursday in response to the Trump administration’s Wednesday announcement of widespread tariffs on U.S. trading partners.

It was an indication that investors believe the tariffs will raise prices and have a negative impact on consumer spending, which in turn will reduce demand for the raw materials and finished products that railroads carry.

As U.S. stock markets opened on Thursday, the S&P 500 was down nearly 4%. CSX (NASDAQ: CSX) and Union Pacific (NASDAQ: UNP) stock...

https://www.freightwaves.com/news/new-us-tariffs-hit-railroad-stocks-in-early-trading

Mexico boosted CPKC, FXE in 2024 as other railroads saw weaker revenue

The fourth quarter of 2024 saw mixed results for North America’s seven largest freight railroads, reflecting ongoing economic uncertainties and shifting trade patterns, but carriers should see steady if unspectacular results in 2025 after taking proactive measures, according to a new study.

Consultant Oliver Wyman surveyed key performance metrics, and found revenue performance in Q4 2024 was generally flat or slightly down compared to Q4 2023, continuing the slower business trends seen...

https://www.freightwaves.com/news/mexico-boosted-cpkc-fxe-in-2024-as-other-railroads-saw-weaker-revenue

Analyst: Intermodal facing volume headwinds from tariffs, economic uncertainty

The only thing that’s certain these days, intermodal analyst Larry Gross says, is uncertainty.

And that makes it difficult to whip up an accurate short-term intermodal forecast, he told an Intermodal Association of North America webcast on Tuesday.

But Gross says gathering economic storm clouds – new tariffs, the end of an import surge, diminishing hopes for tighter trucking capacity, sagging consumer and business confidence, and the potential for stagflation – will not help intermodal volumes...

https://www.freightwaves.com/news/analyst-intermodal-to-face-volume-headwinds-due-to-economic-uncertainty

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