U.S. rail earnings in the spotlight as investors try to assess impact of trade wars [Toronto Globe and Mail (Ontario, Canada)]
Union Pacific Corporation (UNP)
Last union pacific corporation earnings: 4/23 08:00 am
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Source: Toronto Globe and Mail
U.S. rail earnings in the spotlight as investors try to assess impact of trade wars Results from two major U.S. railroads next week are likely to attract more scrutiny than usual as investors look for signs of how deeply U.S. President Donald Trump’s multi-front trade war is affecting freight companies and the wider economy. Among those reporting as the second quarter earnings season kicks off next week are Union Pacific Corp on Thursday and Kansas City Southern on Friday, amid worries that new U.S. import tariffs threatened by the Trump administration could also herald weakening demand for goods movers, including truckers, container companies and package carriers. There is even talk of a “freight recession” and investors look to the transportation sector as a barometer of U.S. economic health. Story continues below advertisement The S&P 5, which crossed the 3, mark for the first time this week, has see-sawed between record highs and sell-offs in recent months on increasing U.S.-China
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UNP
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- 1/25/24 - Beat
UNP
Sec Filings
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- 3/11/24 - Form 4
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