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Union Pacific issues softer outlook amid trade war headwinds

Sep. 04, 2019 9:08 AM ETUnion Pacific Corporation (UNP) StockUNPBy: Clark Schultz, SA News Editor4 Comments
  • Union Pacific (NYSE:UNP) CFO Robert Knight is presenting today at the Cowen & Company 12th Annual Global Transportation Conference.
  • In a SEC filing issued before the talk, Union Pacific confirms the expectation of a sub-sixty-one percent operating ratio result for the full year and says it now anticipates volume for the second half to be down mid-single digits from a year ago vs. a prior forecast for down 2%.
  • UNP noted the trade war between the U.S. and China has hurt Q3 volume due to softer soybean and international container demand in particular.
  • Shares of UNP are flat in premarket trading at $159.33.

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