Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Union Pacific Corporation Add to portfolio

INX:UNP, Jun 25, 06:34 UTC

Latest INX:UNP News

Filter your feed

Apply Filter

Yesterday


News

Wednesday, June 19


News

Union Pacific CEO signals caution on Trump's China tariff threat

UNP DTRUMP

NEW YORK/LOS ANGELES, June 19 (Reuters) - Union Pacific Corp's chief executive said another round of tariffs on Chinese goods could badly hurt his railroad and the U.S. economy, but he feels U.S. President Donald Trump is listening to his concerns. CEO Lance Fritz listed trade as one of the reasons the company has taken a more negative tone in its growth outlook. The Omaha, Nebraska-based company's rail network covers 32,000 route miles (51,000 km) in the Western two-thirds of the country and includes the Los Angeles/Long Beach port complex, which handles the most China ocean cargo in the United States. That has hit close to home for Union Pacific, which said in April that agricultural shipments from its home state and around the Midwest tumbled since China slapped retaliatory tariffs on U.S. soybeans.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, June 18


News

Tariffs hurt the economy, but China must be held accountable, Union Pacific CEO says

UNP DTRUMP

Tariffs hurt the economy, but China must be held accountable, Union Pacific CEO says. President Donald Trump has the right goal in mind to settle ongoing trade issues with China, but his approach could have far-reaching consequences on the U.S. economy, Union Pacific CEO Lance Fritz told CNBC Tuesday. It's time to hold the Beijing's feet to the fire and push them to honor international trade standards of the World Trade Organization, yet tariffs on billions of dollars of imports from the country are hurting local economies, he added. "The president's used them as an effective tool to get China to the table, but I think we need to use caution as to how deep and long we use that as a tool because it'll definitely create a problem with our economy."

Read Full Details

Topics:
  • Business
  • Financial
News

Union Pacific Corp (UNP) Shareholder Ameriprise Financial INC Increased Its Position by $114.72 Million as Stock Value Rose

UNP AMP

522.47 million shares or 8.76% less from 572.66 million shares in 2018Q4 were reported. Clearbridge Invs Limited Liability reported 1.86M shares stake. Fort Washington Advsrs Oh has invested 0.83% in Union Pacific Corporation (NYSE:UNP). Ameriprise Financial Inc who had been investing in Union Pacific Corp for a number of months, seems to be bullish on the $116.61B market cap company. It also reduced its holding in Baker Hughes A Ge Co by 285,016 shares in the quarter, leaving it with 1.79M shares, and cut its stake in Cl C. More notable recent Union Pacific Corporation (NYSE:UNP) news were published by: Benzinga.com which released: “Single-Use Plastics Bans: A Risk For The Petchem Industry – Benzinga” on June 17, 2019, also Finance.Yahoo.com with their article: “Is Union Pacific Corporation’s (NYSE:UNP) ROE Of 34% Impressive?

Read Full Details

Topics:
  • Business
  • Financial
News

Union Pacific Corporation Invites You to Join Its 2nd Quarter 2019 Earnings Release Broadcast

UNP

OMAHA, Neb., June 18, 2019 /PRNewswire/ -- You are invited to listen to Union Pacific Corporation's (UNP) second quarter 2019 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, July 18, 2019, at 8:45 a.m. Eastern Time. Union Pacific Railroad is the principal operating company of Union Pacific Corporation (UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways.

Read Full Details

Topics:
  • Business
  • Science
  • Financial

Friday, June 14


News

Union Pacific Stock Gained ~21% YTD: What Drove This Rally?

UNP

The significant boost in Union Pacific’s stock price came after the company appointed Jim Vena as new executive vice president and COO in mid-January. The industry veteran is well known for his achievements at Canadian National Railway (CNI).

Read Full Details

Topics:
  • Business
  • Financial

Thursday, June 13


News

BMO: Union Pacific On Track For Higher-Than-Expected Cost Savings

UNP

Meetings with senior management at Union Pacific Corporation’s (NYSE: UNP) highlighted that, although there is increased downside risk to 2019 volume expectations, the company’s efficiency improvement initiatives are on the right track and remain in their early stages, according to BMO Capital Markets. Union Pacific has significant network capacity opportunities and will operate at low capital intensity as well as higher FCF and ROIC in the coming years, Chamoun said in the Wednesday note. Union Pacific could achieve cost savings of more than $2 billion in the medium term versus its initial target of $500 million for 2019, he said. “We sense that despite the weaker-than-expected volumes and weather challenges, management remains confident in achieving the above-noted 2019 cost savings target." While Union Pacific’s network is handling significantly lower carloads per week than the highest it achieved in the past 10 years, network efficiency is improving and freeing up incremental capacity, Chamoun said.

Read Full Details

Topics:
  • Business
  • Financial
News

Union Pacific's Big Boy No. 4014 Locomotive Prepares for 'Great Race Across the Midwest'

UNP

OMAHA, Neb., June 13, 2019 /PRNewswire/ -- The 150th anniversary celebration of the transcontinental railroad's completion isn't over yet. Union Pacific is just gathering steam following its May 9 ceremony in Ogden, Utah, commemorating the anniversary. 4014 will leave the Steam Shop in Cheyenne, Wyoming, July 8, making brief whistle-stops in communities along its route through Illinois, Iowa, Minnesota, Nebraska, Wisconsin and Wyoming. Twenty-five Big Boys were built exclusively for Union Pacific, the first of which was delivered in 1941 to handle the steep terrain between Cheyenne and Ogden.

Read Full Details

Topics:
  • Business
  • Science
  • US
  • Financial

Monday, June 10


News

Union Pacific: Highest Rail Traffic Decline in Week 22

UNP CP

Downtrend in US Rail Traffic Persisted for 19th Consecutive Week(Continued from Prior Part)Union PacificUnion Pacific’s (UNP) rail traffic fell 9% YoY (year-over-year) in Week 22, which ended on June 1. The company hauled 148,021 railcars during.

Read Full Details

Topics:
  • Business
  • Financial

Friday, June 07


News

Union Pacific cuts more jobs at North Platte’s Bailey Yard

UNP

class="post-template-default single single-post postid-1997689 single-format-standard wpb-js-composer js-comp-ver-5.7 vc_responsive" Union Pacific cuts more jobs at North Platte’s Bailey Yard. Railroad officials informed the North Platte Area Chamber and Development Corp. of the latest job cuts, chamber President and CEO Gary Person told The Telegraph. spokeswoman Raquel Espinoza confirmed Wednesday that more jobs have been cut in North Platte and in the South Morrill yard, where the railroad closed one of its two mechanical shops in October. Espinoza declined to specify the newest or cumulative total of job cuts at Bailey Yard, but again attributed the reductions to “a reduced locomotive fleet and fewer rail cars on our network” under Unified Plan 2020.

Read Full Details

Topics:
  • Business
  • Financial