ADVFN - Advanced Financial Network.
HOME» NYSE » U » UNP Stock Price » UNP Stock News

Union Pacific Share News

 Union Pacific Corp Stock Price
UNP Stock Price
 Union Pacific Corp Stock Chart
UNP Stock Chart
 Union Pacific Corp Stock News
UNP Stock News
 Union Pacific Corp Company Information
UNP Company Information
 Union Pacific Corp Stock Trades
UNP Stock Trades

Union Pacific CFO: Flooding To Trim May Volume By About 1%

By Bob Sechler Of DOW JONES NEWSWIRES Union Pacific Corp. (UNP) Chief Financial Officer Rob Knight said Friday that disruptions from the historic Mississippi River flooding likely will reduce the railroad's May freight volume by about 1%, although he expressed confidence in the economic recovery overall. "We're seeing encouraging signs of increasing economic improvement" going forward, Knight said, speaking during a presentation at a Bank of American Merrill Lynch conference. His comments echoed those of Norfolk Southern Corp. (NSC) Chief Marketing Officer Don Seale earlier Friday at the same conference in Boston. Seale was upbeat on the economic recovery but said the flooding has crimped Norfolk Southern's growth in second-quarter freight volume, although he didn't quantify it. "We will make up that business," Seale said. "We don't think it's lost, it's deferred." Norfolk Southern's second-quarter volume was up about 3% through May 14, compared to the year-ago period, he said, after climbing 8% in the first quarter. Knight said Union Pacific's year-to-date volume through May 17 was up 5%, identical to its first-quarter percentage gain. Aside from the May disruptions, Knight said it's too early to tell how the flooding will impact overall second-quarter volume. -By Bob Sechler, Dow Jones Newswires; 512-258-1690; bob.sechler@dowjones.com

Stock News for Union Pacific (UNP)
DateTimeHeadline
03/30/201507:40:16Nonfarm Payrolls Will Be Closely Watched - Cramer's Mad Money...
03/27/201508:57:37Is The Railroad Correction Justified?
03/27/201508:01:39Don't Let Low Dividend Yields Keep You From Investing In These...
03/27/201500:57:00I Believe Union Pacific Is Just Guilty By Association For Now
03/26/201509:00:00Union Pacific Corporation Invites You to Join Its First Quarter...
03/26/201508:37:40Cowen cools off on Union Pacific
03/25/201506:32:37Is Akorn The Next Regeneron - Cramer's Lightning Round (3/24/15)
03/23/201510:02:11Railroad stocks lower on energy revenue concerns
03/20/201514:16:05Initial Statement of Beneficial Ownership (3)
03/20/201509:42:50Union Pacific Struggles To Grow Revenue In Q1
03/19/201509:00:00Union Pacific Announces Annual Payments of Interest on Certain...
03/17/201500:17:29Despite Head-Scratching Upgrade, Union Pacific Climbs Higher
03/16/201509:09:38Macquarie shows confidence in Union Pacific
03/12/201509:00:10Is Union Pacific Corp.'s Business Model the Key to Its Success?
03/12/201508:10:59Canada wants even newer oil tank cars phased out by 2025
03/12/201505:40:30Yahoo Ex-Alibaba Is Cheap - Cramer's Lightning Round (3/11/15)
03/12/201501:33:10CSX: Reiterating Positives
03/11/201513:58:11Statement of Changes in Beneficial Ownership (4)
03/10/201519:25:11US and Canada "very close" on new oil train standards, minister...
03/09/201508:50:06Some Risks For Union Pacific And Burlington Northern

Union Pacific and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad