UP expects Q2 volumes to fall 25 percent

(Source: Progressive Railroading, April 22, 2020)

Union Pacific Railroad today posted first-quarter net income of $1.5 billion, or $2.15 per diluted share, compared to $1.4 billion, or $1.93 per diluted share, a year ago. UP officials project second-quarter carload volumes will be down 25 percent compared to Q2 2019. In addition, capital expenditures in 2020 will be reduced by $150 million to $200 million because of economic uncertainty.

Full story: Progressive Railroading

Friday, April 24, 2020