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  • Whipping Boy No More

  • Discussion about the Union Pacific operations past and present. Official site can be found here: UPRR.COM.
Discussion about the Union Pacific operations past and present. Official site can be found here: UPRR.COM.

Moderator: GOLDEN-ARM

 #559944  by Gilbert B Norman
 
Very upbeat coverage appearing in Today's Wall Street Journal (subscription site):

http://online.wsj.com/article/SB121688052208680535.html

Brief passage:

  • If the U.S. economy is deteriorating, could someone please tell the railroad industry?

    Profits for several railroad companies are surging as they exercise their power to raise prices, in part because they remain a cheaper alternative to trucks and other less fuel-efficient modes of transportation. Union Pacific Corp., the largest U.S. freight railroad operator by revenue, reported a 19% jump in second-quarter net income, despite a 3% drop in carloads, a 54% jump in fuel costs and a variety of logistical issues associated with recent Midwest flooding.
The article is upbeat for the entire Class I industry.

Even if Amtrak advocates do not agree, it appears that terms such as "meltdown" are non terms today.

disclaimer; author holds position in UNP