Railroads have turned the corner on service and resiliency, analysts say [Yahoo! Finance]
Union Pacific Corporation (UNP)
Last union pacific corporation earnings: 4/23 08:00 am
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Source: Yahoo! Finance
That's the view of a trio of analysts – Anthony B. Hatch, Rick Paterson and Larry Gross – who spoke at the RailTrends conference last week. Paterson, an analyst with Loop Capital Markets who closely follows railroad performance measures, says the railroads passed significant operational stress tests this year thanks to having an adequate number of train crews and locomotives held in reserve. In the West, BNSF Railway and Union Pacific both bent but did not break under the strain of a surge in international container imports at the ports of Los Angeles and Long Beach. In the East, CSX and Norfolk Southern both bounced back quickly after hurricane strikes. BNSF has been under intermodal volume pressure for a year, Paterson says, and average intermodal train speed has suffered. But train speeds held up as intermodal traffic hit record levels in October. Over the summer, BNSF's focus on improving dwell at its hump and flat-switching yards was successful. “Time will tell, but this
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UNP
Earnings
- 10/24/24 - Miss
UNP
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- UNP's page on the SEC website