Preview: Union Pacific’s Earnings
Union Pacific (NYSE:UNP) releases its next round of earnings this Thursday, July 22. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
UP Temporarily Stopping Eastbound Container Service To Chicago
Union Pacific is temporarily suspending eastbound service from West Coast port terminals to its Global IV intermodal facility in Chicago to help ease "significant congestion" at inland terminals, especially Chicago, and at the ports.
US Rail Volumes Flat Amid July Fourth Holiday
The Fourth of July holiday weekend resulted in weaker U.S. volume comparisons year-over-year, but the overall trend for 2021 is still upward for intermodal volumes.
Meanwhile, rail observers anticipate the start of the earnings seasons and the Class I railroads' responses to how they handled supply chain congestion in the second quarter (see below).
Wells Fargo Maintains Equal-Weight on Union Pacific, Raises Price Target to $231
Wells Fargo analyst Allison Poliniak Cusic maintains Union Pacific (NYSE:UNP) with a Equal-Weight and raises the price target from $226 to $231.
June Carloads Reflect An Economy In ‘Much Better Shape’
U.S. railroads reported that carloads and intermodal originations reached 2.56 million during June, up 14.5% year-over-year, according to weekly data provided by the Association of American Railroads (AAR).
Loop Capital Upgrades Union Pacific to Buy, Announces $269 Price Target
Loop Capital analyst Rick Paterson upgrades Union Pacific (NYSE:UNP) from Hold to Buy and announces $269 price target.
Genesee & Wyoming Subsidiary To Operate Bulk Transfer Facility In Central California
A subsidiary of short line operator Genesee & Wyoming (G&W) has acquired and will operate a bulk transfer facility serving the Central Valley of California.