🎣 Truckload Bull Market ETA
Happy National Pizza Party Day. Since it's Friday, and we all know carrier sales managers love a good
Union Pacific hits a revenue high despite a dip in carloads.
Union Pacific Railroad is on an interesting track: its revenues have hit an all-time high of $23.2 billion in 2022, thanks to inflationary assistance. Carload volumes tell another story, shrinking significantly over the years. Even without coal, there's a 9% drop. Yet, UP isn't just sitting in the station.
Car velocity is chugging along 25% faster, while first and last mile services have edged up 2 points to 92%.
Can UP regain its lost carload volume? It's banking on intermodal gains to do just that.
Source: AP News | Trains.com
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