Lance Fritz – Chairman, President & CEO Headwinds in wheat exports “high global production of both seed grains and wheat, coupled with a lower quality domestic wheat harvest will create headwinds in our export markets.” Cautious with respect to auto … Continued
Lance M. Fritz – Union Pacific Corp. Frac sand and coal stabilized “we’re seeing particular strength in a few markets such as frac sand. Coal seems to have stabilized and we’re seeing some signs of gradual improvement in other areas … Continued
Union Pacific’s (UNP) CEO Lance Fritz on Q4 2016 Results Mexican trade is inextricably linked to our economy “Sure. So we are paying close attention to all of the talk about potential outcomes as we go forward in terms of … Continued
CSX Corporation’s (CSX) CEO Michael Ward on Q4 2016 Results Probably an opportunity to move to a one man crew “Well clearly as you look out technology is evolving David, there is going to be autonomous vehicles out there. There … Continued
Union Pacific’s (UNP) CEO Lance Fritz Q3 2016 Results Remain cautious of auto sales sustaining these levels “Turning to autos, light vehicle sales are forecasted to finish 2016 at $17.4 million, down less than 0.5% from the 2015 record rate … Continued
CSX’s (CSX) CEO Michael Ward on Q3 2016 Results Revenue declined 8% in line with volume decline ” Revenue declined 8% in the quarter, consistent with an overall volume decline of 8% which included a 21% decline in coal volume.” … Continued
Union Pacific (UNP) Lance Fritz Q2 2016 Results Volumes declined in five of six groups “Total volume decreased 11% in the quarter compared to 2015. Carload volume declined in five of our six commodity groups, with coal, Intermodal and industrial … Continued
Canadian Pacific (CP) Chief Operating Officer Keith Creel said that due to technological advancements, railroads don’t need as many employees as they used to which should help keep expenses in check “We use to pay too much for too little. … Continued
Lance M. Fritz – Chairman, President & Chief Executive Officer 2016 has brought continuation of trends from 2015 “2016 has brought a continuation of many of the same trends that we experienced throughout most of last year. An energy market … Continued
Canadian National Railway (CNI) Chief Operating Officer Jim Vena said they were able to wring out more productivity out of their employees “Our gross ton miles per crew hour worked increased by 3%. Therefore, each train handled more freight, moved … Continued