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 [email protected]

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
06/23 UNION PACIFIC : Embraces Workforce of Future, Encouraging Millennials to Embrace..
06/22 UNION PACIFIC CORPORATION : Invites You to Join Its 2nd Quarter 2017 Earnings Re..
06/22 UNION PACIFIC : Plans to Invest $5.1 Million in its Washington Rail Infrastructu..
06/22 UNION PACIFIC : Embraces Workforce of the Future, Encouraging Millennials to Emb..
06/21 UNION PACIFIC : Man injured after being hit by 2 trains in Oregon
06/21 UNION PACIFIC : Man hit by 2 trains in SE Portland suffers life-threatening inju..
06/20 UNION PACIFIC : Eunice Police dispatch radio logs
06/18 UNION PACIFIC : UP Railroad Museum offers passenger train excursion on historic ..
06/17 UNION PACIFIC : Longview police, Union Pacific team to monitor intersections, pr..
06/16 UNION PACIFIC : NPD, Union Pacific team up on traffic safety detail
More news
Sector news : Ground Freight & Logistics - NEC
06/05 CANADIAN PACIFIC RAILWAY : CSX shareholders approve $84 million reimbursement to..
06/05DJCSX : Chief Says Health Isn't an Issue -- 2nd Update
06/05DJCSX : Chief Says Health Isn't an Issue -- Update
06/05DJCSX : Chief Says Health Isn't an Issue
06/05DJWhen an Ill Wind Blows in C-Suite -- WSJ
More sector news : Ground Freight & Logistics - NEC
News from SeekingAlpha
06/22 Invest In XLI To Downscale Risk
06/17 Transports Week In Review - Amazon Leads The Charge As Consolidation Gets Bac..
06/15 VIG Never Looked So Dividend-y
06/14 Union Pacific Corporation (UNP) Presents At Citi Research 2017 Industrials Co..
06/14 This Class I Railroad Outperforms Its U.S. Brethren
Advertisement
Financials ($)
Sales 2017 21 097 M
EBIT 2017 7 880 M
Net income 2017 4 620 M
Debt 2017 14 236 M
Yield 2017 2,23%
P/E ratio 2017 18,73
P/E ratio 2018 16,68
EV / Sales 2017 4,78x
EV / Sales 2018 4,58x
Capitalization 86 711 M
More Financials
Chart UNION PACIFIC
Duration : Period :
Union Pacific Technical Analysis Chart | UNP | US9078181081 | 4-Traders
Full-screen chart
Technical analysis trends UNION PACIFIC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 119 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
UNION PACIFIC3.58%86 711
CANADIAN NATIONAL RAIL..16.37%60 497
CSX46.40%48 530
NORFOLK SOUTHERN CORPO..8.63%34 020
CANADIAN PACIFIC RAILW..7.90%23 108
DSV29.44%11 524
More Results