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The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 97 cents per share on the company's common stock, payable June 30, 2020, to shareholders of May 29, 2020.
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When the tide goes out you discover who's been swimming naked. The pandemic has revealed that many stocks aren't as solid as investors might have believed.This introduces the need to discriminate between different types of stocks.We present examples, and sugg…
Union Pacific (UNP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In this comparative analysis of six select North American railroad companies, I look at profitability, balance sheet health, and valuation.This follows a previous article in which I examined the growth of these companies and went on to pick Union Pacific and …
Although U.S. rail traffic is still sharply lower compared with the same period in 2019, rail volumes for intermodal and commodities such as motor vehicles and grain are higher sequentially on a weekly basis, according to the Association of American Railroads (AAR).U.S. grain volumes totaled 21,977 carloads for the week that ended Saturday, which is a 2.3% decrease compared with the same period in 2019 but 5.7% higher than 20,790 carloads for the week ending May 16. Meanwhile, weekly carloads for motor vehicles and parts were up 70.1% on a sequential basis to 4,874 carloads (but down 71.4% year-over-year), while weekly intermodal volumes rose 2.8% to 238,076 intermodal units (down 11.2% year-over-year).U.S. carloads for grain, motor vehicles and parts and forest products (SONAR: RTOMV.USA, RTOGM.USA, RTOPF.USA)Meanwhile, total weekly U.S. carloads rose 3.4% sequentially, although they're 27.5% lower year-over-year."Of the 20 carload categories we track, 15 had modestly higher loadings last week than the week before, led by motor vehicles and grain. Meanwhile, intermodal originations were higher last week than in any of the previous 11 weeks. While we can't yet say whether rail traffic and, by extension, the economy, have turned a corner, these are all encouraging signs," said AAR Senior Vice President John T. Gray. He continued, "As areas across the country begin to reopen over the next several weeks, perhaps we can start looking for light at the end of what has become a rather long tunnel. Whatever the outcome, railroads will do their part to get us out of the tunnel safely and reliably."On a year-to-date basis, U.S. rail traffic totaled 9.5 million carloads and intermodal units, down 12.8% from the same period in 2019, while North American rail volumes totaled 13.1 million carloads and intermodal units, which is 11.4% lower than the same period a year ago.U.S. carloads and intermodal units over the past year. (SONAR: RTOTC.USA, RTOIT.CLASSI, RTOIC.CLASSI)UP eyes opportunities in intermodal, grainAt a virtual investor conference on Wednesday hosted by investment firm Bernstein, Union Pacific (NYSE: UNP) CEO Lance Fritz echoed AAR's observations about rising carloads for motor vehicles and grain products.Phase one of the trade deal between the U.S. and China has helped China get back into the export market, resulting in higher grain volumes for wheat and soybeans in particular, Fritz said.Fritz described how to look at economic growth and opportunities to increase rail volumes over the next year or two by focusing on three segments: trade, industrial production and consumer activity. The trade segment shows promise if the trade deal so far between the U.S. and China is allowed to mature even as a global recession remains a potential headwind. Meanwhile, U.S. and North American industrial production is "well positioned" to take advantage of global demand even as some customers consider onshoring or nearshoring opportunities in the long-term, Fritz said.But consumer confidence and activity are harder to pinpoint because of the wide range in consumers' responses to reopening businesses during and after the coronavirus pandemic, Fritz said. However, the housing market "hasn't completely cratered" and automobile plants are starting to open up, which could bode well for rail volumes."It's a pretty balanced mix in terms of what I see with headwinds and tailwinds," Fritz said. How Union Pacific (UP) benefits from onshoring or nearshoring will depend on where companies build their facilities, Fritz said. If the facilities fall on UP's franchise, then UP can compete for inbound or outbound business. If facilities land in Mexico or Canada, "it gets a little more tenuous but it depends on the books" or customers' supply chain needs, he said. But facilities near ports might prove more challenging because UP will have to compete with alternative rail carriers, other coastal ports and transloaders, Fritz said.Nonetheless, in the near term, improved, truck-like service as a result of precision scheduled railroading is helping UP see new opportunities for intermodal, such as in e-commerce and through partnerships to put domestic intermodal ramps in new locations, Fritz said.To counter an anticipated 25% drop in rail volumes for the second quarter, UP has taken measures such as furloughing employees in the engineering, mechanical, and train and engine divisions, asking managing staff to go unpaid for one week on a monthly basis and reducing executive pay by 25%, Fritz said. UP has also temporarily closed its Jenks facility in Arkansas, its DeSoto facility in Missouri and an engineering shop in Denver.See more from Benzinga * E-commerce Drives Multi-Pronged Expansion At UPS Airlines * Beef And chicken inventories Surge In April * Weekly Fuel Report: May 25, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Dow has become one of the most widely tracked stock gauges in the U.S., if not the world, since its was created in 1896.
The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 97 cents per share on the company's common stock, payable June 30, 2020, to shareholders of May 29, 2020.
I think the latest quarter reveals the extent to which this company can maintain profits in the face of declining revenues. Although I'm bothered by the leverage, the company will have a sustainable moat for the foreseeable future. For those n…
Jennifer Hamann, chief financial officer of Union Pacific Corporation (NYSE: UNP), will address the 13th Annual Wolfe Virtual Global Transportation & Industrials Conference at 10:45 a.m. ET on Wednesday, May 20, 2020.
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Lance Fritz, chairman, president and chief executive officer of Union Pacific Corporation (NYSE: UNP), will address the Bernstein 36th Annual Strategic Decisions Conference at 9:00 a.m. ET on Wednesday, May 27, 2020.
In this article we will check out the progression of hedge fund sentiment towards Union Pacific Corporation (NYSE:UNP) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a c…
In this article we will check out the progression of hedge fund sentiment towards Union Pacific Corporation (NYSE:UNP) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
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Union Pacific has played a pivotal role in America's economic infrastructure for over 150 years.Because of its inherent cyclicality, the business is run in such a way that it can weather sustained periods of distress.The dividend is very well covered, has bee…
This weekly article series covers dividend increases, cuts, and suspensions. A summary table provides relevant data and key statistics of dividend increases. We
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Union Pacific (UNP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
To protect the health and safety of its shareholders, employees and other stakeholders during the coronavirus pandemic, Union Pacific Corporation (NYSE: UNP) today announced that its 2020 Annual Meeting of Shareholders (the "Annual Meeting") will be conducted…
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Dividend paying stocks like Union Pacific Corporation (NYSE:UNP) tend to be popular with investors, and for good...
Union Pacific today published its 2019 Building America Report, the company's annual sustainability report detailing progress toward its social, economic and environmental initiatives. The report, published on up.com/buildingamericareport, outlines Union Pacific's preliminary materiality assessment results, detailing issues most important to the company's stakeholders: employees, customers, investors and communities. Not surprisingly, customer service and satisfaction, rail safety and maintenance, and employment practices ranked highest. These results provide a roadmap for Union Pacific as it refines its environmental, social and governance (ESG) goals.
Moody's Investors Service, ("Moody's") affirmed all ratings for CVR Partners, LP ("CVR"); including the B2 Corporate Family Rating ("CFR"), its B2-PD probability of default rating and the B2 senior secured notes rating. Moody's changed the rating outlook to negative, based on the expectation that projected lower prices for nitrogen fertilizers will lead to weaker credit metrics despite a strong US spring planting season.
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Jim Vena, chief operating officer of Union Pacific Corporation (NYSE: UNP), will address the RBC Capital Markets Canadian Automotive Industrials and Transportation Conference at 1:30 p.m. ET on Tuesday, May 12, 2020.
Union Pacific shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.
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