Union Pacific cost cuts sheltered profit amid freight slowdown
(Source: Reuters, July 18, 2019)
NEW YORK Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. Union Pacific said it would use workforce reductions and other cost-saving measures to stay ahead of the volume shortfall.
Full story: Yahoo Finance
Friday, July 19, 2019
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