Union Pacific sees Q4 freight down around 5 pct
Published: 23 Oct 2008 18:10:01 PSTCHICAGO, Oct 23 - No. 1 U.S. railroad Union Pacific Corp said on Thursday that fourth-quarter freight volumes will be down around 5 percent from a year before.
In a presentation for analysts posted on its website, the Omaha, Nebraska-based railroad said it expects freight volumes in 2009 to be flat to down 2 percent, but said its pricing should remain strong, with rate hikes of between 5 and 6 percent.
Union Pacific said it expects the U.S. automotive and construction sectors to remain soft in 2009, but its energy-related markets should stay strong.
Go to Page
Page 1 of 1
1
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2Entrepreneurblues
- 3AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 4ANALYSIS-CFTC cautious on position limits, set
- 5Beyond The Anti-Virus Arms Race
- 6Beware of phishing scams if you are using
- 7Help protect yourself from phishing scams and
- 8Xi'an to launch industrial zone
- 9China Longyuan Power plans HK$17.5-bln HK IPO
- 10INTERVIEW-StanChart eyes $800 mln in renewable
