Union Pacific Sees Freight Shift to Rail
Union Pacific reports soaring diesel prices are pushing shippers to move freight from trucks to rail. Despite higher fuel costs, the railroad sees robust underlying demand and steady shipment volumes.
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UNION PACIFIC CORP is seeing freight shift from trucks to rail as high diesel prices drive customers to seek lower transportation costs. The fuel-efficiency advantage is providing an additional boost beyond broader cyclical freight improvements, according to Chief Financial Officer Jennifer Hamann.
