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Wall Street Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects

Wall Street Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects. NEW YORK (Reuters) - Results from two major U.S. railroads next week are likely to attract more scrutiny than usual as investors look for signs of how deeply U.S. President Donald Trump's multi-front trade war is affecting freight companies and the wider economy. Among those reporting as the second quarter earnings season kicks off next week are Union Pacific Corp on Thursday and Kansas City Southern on Friday, amid worries that new U.S. import tariffs threatened by the Trump administration could also herald weakening demand for goods movers, including truckers, container companies and package carriers. Road and rail stocks have handily outperformed the broader market since Trump fired the trade war's opening salvo in January 2018. But that could be attributable in part to companies beefing up their inventories, which have been steadily on the rise as companies "front load" imports to stay ahead of potential tariff-related price hikes.

First found on: in.reuters.com And then on: 6 other references