January 2010 - jstagl

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UP: On the 'value proposition' path

During Union Pacific Railroad’s fourth-quarter earnings conference held the morning of Jan. 21, senior executives talked about the Class I’s ongoing efforts to provide shippers an optimal “value proposition” by improving operational...

Published 01-21-2010 9:35 PM by Jeff Stagl
Interesting excerpts from CSX's 4Q conference

CSX Corp.’s most profitable traffic segment floundered in the fourth quarter and likely will continue to falter through most of 2010. That’s the troubling message on coal that EVP of Sales and Marketing Clarence Gooden delivered the morning...

Published 01-20-2010 8:09 PM by Jeff Stagl
Regional reels from plant closure's effects

The recession prompted many a railroad to lay off workers last year. For Montana Rail Link (MRL) , the weak economy’s effects have carried over into this year, leading to four-dozen furloughs. Smurfit-Stone Container Corp. — a large MRL customer...

Published 01-14-2010 8:38 PM by Jeff Stagl
Buffett and Rose use prose to gain stockholders' vote

Warren Buffett and Matt Rose are urging BNSF Railway Co. stockholders to vote in favor of Berkshire Hathaway Inc.’s proposed $44 billion buyout at a shareholders meeting on Feb. 11. To make their case, the billionaire and BNSF CEO are relying on...

Published 01-05-2010 9:05 PM by Jeff Stagl