Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Union Pacific    UNP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

STB Announces Initiatives in Wake of 2011 Rail Hearings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/26/2012 | 12:05am CEST
   By Bob Sechler 
 

U.S. regulators took tentative steps Wednesday toward resolving a long-running feud between freight railroads and shippers, more than a year after heated hearings last summer regarding pricing and service levels.

The Surface Transportation Board, which oversees the freight-rail sector, unveiled two initiatives it said are designed "to explore ways to further protect captive shippers from unreasonable rail rates." But any changes in shipping procedures or rates stemming from the initiatives could be more than a year away, because they still must undergo an extensive period of public comment and analysis.

"It will be well into 2013, maybe 2014, before we get a decision," said Bruce Carlton, president of the National Industrial Transportation League, which represents shippers. "It's not a change yet--it's the beginning of what might be a change."

Mr. Carlton said he was pleased nonetheless that the STB, a division of the Department of Transportation, saw fit to go forward.

A representative of Union Pacific Corp. (>> Union Pacific Corporation) said the railroad still was reviewing the STB's move and didn't have an immediate comment. Representatives of CSX Corp. (>> CSX Corporation) and Norfolk Southern Corp. (>> Norfolk Southern Corp.) couldn't immediately be reached for comment.

The STB initiatives include a proposal to reform its rules on resolving rate disputes, rendering the process simpler and less expensive for shippers, in part "by discarding the requirement that shippers design a hypothetical railroad to judge a railroad's real world rates," the STB said. The proposal also would substantially increase the potential relief available to shippers.

The second initiative would explore policy changes to help so-called "captive" shippers get better rates if they are within 30 miles of a working interchange with a competing railroad.

The so-called rail renaissance that started in 2004 has seen the railroad industry's financial fortunes rebound, with rising shipping rates and freight volume driving record earnings among the top operators that dominate the sector. But shippers long have complained that the recovery has been partly at their expense, prompting calls for more regulations.

The feud culminated in last summer's hearings, and the STB's move Wednesday marked its first public action on the matters since then. The STB said Wednesday it is continuing to evaluate other competitive issues in the freight rail sector.

Write to Bob Sechler at bob.sechler@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNION PACIFIC
05:58p UNION PACIFIC : Biz quicks
12:51a UNION PACIFIC : to layoff 750 U.S. employees amid broader cost-cutting
08/16 UNION PACIFIC : Hundreds ride back in time on a Union Pacific passenger train to..
08/16 UNION PACIFIC CORPORATION (NYSE : UNP) Files An 8-K Costs Associated with Exit o..
08/16 UNION PACIFIC CORP : Costs Associated with Exit or Disposal Activities (form 8-K..
08/16 UNION PACIFIC : lays off 500 managers, 250 other rail workers
08/16 UNION PACIFIC : Why People Get Hit by Trains and Union Pacific's Tips to Stay Sa..
08/15 UNION PACIFIC : Why People Get Hit by Trains and Union Pacific's Tips to Stay Sa..
08/15 UNION PACIFIC : Crews clean up at derailed train site in Sequoyah County
08/15 UNION PACIFIC : Vehicle in Parma gets hit by train
More news
News from SeekingAlpha
08/16 Jobs cuts at Union Pacific
08/13 Tracking Tweedy Browne Portfolio - Q2 2017 Update
08/11 The Case For North American Cyclical Stocks
08/10 JULY 2017 PORTFOLIO UPDATE : All About Inertia
08/10 Top North America Container Traffic 2017 Midyear Update
Financials ($)
Sales 2017 21 103 M
EBIT 2017 7 956 M
Net income 2017 4 651 M
Debt 2017 14 655 M
Yield 2017 2,27%
P/E ratio 2017 18,27
P/E ratio 2018 16,30
EV / Sales 2017 4,71x
EV / Sales 2018 4,55x
Capitalization 84 721 M
Chart UNION PACIFIC
Duration : Period :
Union Pacific Technical Analysis Chart | UNP | US9078181081 | 4-Traders
Technical analysis trends UNION PACIFIC
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 119 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Lance M. Fritz Chairman, President & Chief Executive Officer
Robert M. Knight Chief Financial Officer & Executive Vice President
Lynden L. Tennison Chief Information Officer & Senior Vice President
Erroll Brown Davis Independent Director
Steven R. Rogel Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
UNION PACIFIC1.13%84 721
CANADIAN NATIONAL RAILWAY COMPANY11.66%60 480
CSX42.30%46 013
NORFOLK SOUTHERN CORPORATION11.44%34 706
CANADIAN PACIFIC RAILWAY LIMITED0.74%22 593
DSV39.85%13 276