Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

UPDATE 3-Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump

UPDATE 3-Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump. By Lisa Baertlein and Ankit Ajmera Jan 23 (Reuters) - Union Pacific Corp shares rose more than 2% on Thursday after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes in the second half of 2020. U.S. President Donald Trump and Chinese Vice Premier Liu last week signed a Phase 1 trade agreement that begins to unwind their 18-month-long trade war. "It turns a headwind into a tailwind," Union Pacific Chief Executive Officer Lance Fritz said of the partial cease fire that will cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to buy significantly more American farm, energy and manufactured goods.

First found on: www.nytimes.com And then on: 2 other references