Rail companies cut capacity as volume slides 20%
(Source: Supply Chain Dive, May 27, 2020)
WASHINGTON, D.C. — Union Pacific's volume has fallen 23% so far in the second quarter as a result of the "ongoing economic impact of COVID-19," the company's CFO Jennifer Hamann said last week during the 13th Annual Wolfe Virtual Global Transportation & Industrials Conference. "It is unlikely we can improve our second quarter operating ratio on a year-over-year basis with that level of volume loss," Hamann said.
Full story: Supply Chain Dive
Thursday, May 28, 2020
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