|Bid||166.06 x 1800|
|Ask||0.00 x 800|
|Day's Range||165.54 - 172.82|
|52 Week Range||149.09 - 188.96|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||19.78|
|Earnings Date||Apr 15, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||3.88 (2.27%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||198.92|
The coronavirus outbreak, truck market competition and crude-by-rail in Canada were key topics for Class I rail executives at recent investor conferences. The Class I railroads, along with their customers, are taking a wait-and-see approach to how the coronavirus outbreak might affect the North American supply chain. "I would not be surprised if we see another two, three, four weeks of ramp up before we ... get to the point where we were four months ago," said Keith Reardon, senior vice president of the consumer product supply chain for Canadian National (NYSE: CNI).
Jennifer Hamann, chief financial officer of Union Pacific Corporation (NYSE: UNP), will address the Raymond James 41st Annual Institutional Investors Conference at 8:05 a.m. ET on Tuesday, March 3, 2020, in Grande Lakes, Fla.
Headcount among the Class I railroads in January totaled 128,311 employees, a 12.4% decrease from January 2019's total of 146,556, according to data from the Surface Transportation Board (STB). Meanwhile, the headcount within the train and engine category, which tends to be more sensitive to the rail market and rail demand, dropped 17.3% year-over-year in January, to 51,709 employees from 62,545 in January 2019. Year-to-date U.S. rail traffic has fallen 6.2% to 3.38 million carloads and intermodal units for the first seven weeks of the year, according to the Association of American Railroads.
Readers hoping to buy Union Pacific Corporation (NYSE:UNP) for its dividend will need to make their move shortly, as...
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Active traders often look to the transportation sector for clues about market direction. These charts suggest prices are headed higher.
The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 97 cents per share on the company's common stock, payable March 31, 2020, to shareholders of record February 28, 2020.
Year-to-date U.S. rail volumes remain lower than the same period in 2019 as Class I rail executives cautiously pin their expectations for volume growth to the second half of this year. U.S. rail traffic totaled 1.9 million carloads and intermodal units for the first four weeks of the year, a 7.6% drop from the same period in 2019, according to the Association of American Railroads. Of that, U.S. rail operations originated 7.2% fewer carloads, at 924,394 carloads, while intermodal units slipped 7.9% to 976,238 intermodal containers and trailers.
With U.S. coal volumes facing a secular decline, U.S. Class I railroads are focused on making their intermodal and merchandise services competitive with the trucking market by revamping their strategy on interline lanes, judging from recent actions by the railroads. On Monday, Union Pacific (NYSE: UNP) told customers of its premium segment that it would open a number of domestic interline lanes originating on Union Pacific (UP) and destined for various points in the Eastern U.S. These lanes, which interchange with Norfolk Southern (NYSE: NSC) and CSX (NASDAQ: CSX) will be activated on Saturday. UP's premium segment includes its intermodal service.
The Zacks Analyst Blog Highlights: Walt Disney, Union Pacific, Petrobras, PNC Financial Services and Marriott International
The Wuhan coronavirus, formally known as 2019-nCoV for 2019 novel coronavirus, is spreading faster in Chinese cities, particularly in Hubei Province's Wuhan in central China. The Passport Research team has conducted research to compile what's known so far about the virus from an epidemiological standpoint and what the likely macroeconomic and freight effects of the outbreak may be. Learn more about Passport Research here.
Cost-control efforts are likely to have aided most transportation companies' Q4 to cope with low revenues caused by weak freight demand.
During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week we will recap the most interesting company earnings and any merger-and-acquisition ...
Longer trains and headcount reductions are among the initiatives that Union Pacific (NYSE: UNP) expects to deploy to improve its operating ratio in 2020. Operating ratio (OR), a measure of a company's financial health, can be calculated by dividing operating expenses by revenue. The operating efficiencies that UP has laid out for the year follow expectations for rail volumes to grow by about 1% in 2020 amid gains for its agricultural and intermodal segments and despite anticipated declines for coal and frac sand.
Another batch of solid earnings reports—including a monster performance from chipmaker Intel (INTC)—could combine with retreating fears of the coronavirus to set a positive tone early Friday. Today’s action could determine whether the S&P 500 Index (SPX) ends up rising or falling for the week. It’s been three weeks since the SPX had a losing week.
Shares of Union Pacific were off 1.2% to $184.90 Friday as analysts reacted to the railroad company's latest earnings, which missed Wall Street forecasts. The Omaha, Nebraska-based company reported fourth-quarter earnings of $1.4 billion, or $2.02 a share, down from $2.12 a share a year ago. "Given the challenging volume environment, we leveraged strong productivity to deliver solid financial results including the third consecutive quarter with an operating ratio below 60 percent," Lance Fritz, chairman, president and CEO, said in a statement.