Union Pacific’s 2Q 2018 performance hurt by train crew shortages

(Source: Associated Press, July 19, 2018)

OMAHA, Neb. — Union Pacific hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. UP CEO Lance Fritz said the railroad’s performance was hurt by shortages of train crews and a tunnel collapse in Oregon that added roughly $65 million in expenses.

Full story: Yahoo Finance

Friday, July 20, 2018