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Union Pacific CEO Warns Against Overregulation -Fox Business

DOW JONES NEWSWIRES Union Pacific Corp.'s (UNP) chief executive, interviewed on Fox Business Network, cautioned regulators Tuesday against tinkering too much with a business model that he says "is working." Jim Young said the transportation company saw consistent growth in all six of its business segments, from coal to agricultural products, in the first quarter, with major challenges coming from industries tied to construction and housing. At a time when concerns over capacity and fuel costs have caused businesses to shift to rail from trucking, Young said Union Pacific has put more new capital into infrastructure over the past 10 years than it had in the preceding 30, with an estimated $3.3 billion this year alone. "You're beginning to see an industry that is starting to report record return on equity, record return on capital and there seems to be a sentiment that there's something wrong with that," said Young, who is also chairman of the Omaha, Neb., company. "It is working. Let's not get it wrong with regulation. The response will be immediate. It's not an experiment with economics and returns with this industry. ... If we start to reduce profits, you're going to see capital cut way back." Union Pacific recently its increased its quarterly dividend by 25%, to 47.5 cents a share from 38 cents. Full story at -Dow Jones Newswires; 212-416-2900

Stock News for Union Pacific (UNP)
10/02/201510:58:37Statement of Changes in Beneficial Ownership (4)
10/02/201510:53:18Statement of Changes in Beneficial Ownership (4)
10/02/201510:49:30Statement of Changes in Beneficial Ownership (4)
10/02/201510:44:35Statement of Changes in Beneficial Ownership (4)
10/02/201510:39:26Statement of Changes in Beneficial Ownership (4)
10/02/201510:08:00Statement of Changes in Beneficial Ownership (4)
10/02/201509:53:20Statement of Changes in Beneficial Ownership (4)
10/02/201509:45:51Statement of Changes in Beneficial Ownership (4)
10/02/201509:35:50Statement of Changes in Beneficial Ownership (4)
10/02/201509:28:42Statement of Changes in Beneficial Ownership (4)
09/24/201509:00:00Union Pacific Corporation Invites You to Join Its Third Quarter...
09/24/201508:09:00Railroads Stocks in Motion -- CSX Corp., Union Pacific, Canadian...
09/10/201508:22:53Current Report Filing (8-k)
09/09/201509:00:00Union Pacific Corporation CFO Rob Knight to Address Citi and...
09/05/201505:59:00Rail Executives Gathering to Address Investor Concerns
09/02/201509:00:00Union Pacific Corporation CFO Rob Knight to Address Cowen and...
09/01/201510:46:30Initial Statement of Beneficial Ownership (3)
08/21/201515:45:01Statement of Changes in Beneficial Ownership (4)
08/13/201514:00:45Union Pacific to Cut Management Jobs
08/13/201512:57:34Union Pacific to Cut Hundreds of Management Jobs

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