July 2009 - jstagl - MyProgressiveRailroading

UP: U.S. economy is on the upswing

The CEOs of the three Class Is that have reported second-quarter earnings so far believe the recession has bottomed out and better times lie ahead for the rest of 2009. During Union Pacific Corp.’s Webcast/teleconference on July 23, CEO Jim Young...

Published 07-23-2009 5:39 PM by Jeff Stagl

Revenue ton-miles best reflect revenue performance, CN's Harrison says

Carloads are good a barometer of the economy and railroads’ business generation, but they’re not the best indicator of roads’ revenue performance. For CN’s E. Hunter Harrison, revenue ton-miles are a better gauge. “I have...

Published 07-21-2009 9:11 PM by Jeff Stagl

Nation's jobless rate might reach double-digit mark

The nation’s unemployment rate is going to get much worse before it gets better. The Federal Reserve recently issued a new forecast that calls for the jobless rate to eventually reach 10.1 percent — which would be a 27-year high — then...

Published 07-16-2009 8:52 PM by Jeff Stagl

What will it take to land an Alaska Railroad caboose? Eight large and a large truck

There are many nostalgic items that railroad buffs collect. But the Alaska Railroad Corp. has one — actually more than one — that isn’t your typical railroad memorabilia. The railroad is selling four cabooses. Currently stored at an...

Published 07-09-2009 9:43 PM by Jeff Stagl

Rail traffic: 'Pay attention to these numbers'

Rail traffic figures might “sound really boring,” but they gauge how portions of the economy are performing, MSN Money Editor Charley Blaine wrote recently on the moneycentral.msn Web site. That’s hardly a revelation to anyone involved...

Published 07-07-2009 9:49 PM by Jeff Stagl

UP: Strong service performance helps score new business

In a “service update” customer posted on Union Pacific Railroad’s Web site, Executive Vice President of Marketing and Sales Jack Koraleski addresses the Hub Group’s recent decision to shift a significant amount of container traffic...

Published 07-02-2009 8:01 PM by Jeff Stagl

July 2009 - jstagl

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