Rail companies cut capacity as volume slides 20%

(Source: Supply Chain Dive, May 27, 2020)

WASHINGTON, D.C. — Union Pacific’s volume has fallen 23% so far in the second quarter as a result of the “ongoing economic impact of COVID-19,” the company’s CFO Jennifer Hamann said last week during the 13th Annual Wolfe Virtual Global Transportation & Industrials Conference. “It is unlikely we can improve our second quarter operating ratio on a year-over-year basis with that level of volume loss,” Hamann said.

Full story: Supply Chain Dive

Thursday, May 28, 2020