A trucking and rail strategy that boomed during pandemic shocks is heating up again [MSNBC.com]
Union Pacific Corporation (UNP)
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Source: MSNBC.com
State of FreightA trucking and rail strategy that boomed during pandemic shocks is heating up againPublished Mon, Mar 25 2024Updated 2 Hours AgoLori Ann LaRocco@loriannlaroccoWATCH LIVEKey PointsContainers are loaded from freight trains onto trucks.Picture Alliance | Picture Alliance | Getty ImagesA logistics strategy called transloading, used by trucking companies during the pandemic to ease the container backlog, is increasing in popularity again after U.S. West Coast ports have started to receive higher volumes of containers that are beingdiverted awayTransloading is the process of moving freight from truck to rail or rail to truck. Logistics companies tell CNBC that U.S. importers are requesting this type of service more frequently as they move more freight on new routes as a result ofthe Red Sea diversionsdrought restrictions"We're seeing a double-digit shift from cargo moving away from the East Coast and to the West Coast," Michael Aldwell, executive vice president of sea logist
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News
- Union Pacific Co. (NYSE: UNP) had its "strong-buy" rating re-affirmed by analysts at Raymond James. They now have a $280.00 price target on the stock, up previously from $275.00.MarketBeat
- Union Pacific Co. (NYSE: UNP) had its price target raised by analysts at Morgan Stanley from $198.00 to $210.00. They now have an "equal weight" rating on the stock.MarketBeat
- Union Pacific Co. (NYSE: UNP) had its price target raised by analysts at Evercore ISI from $271.00 to $273.00. They now have an "outperform" rating on the stock.MarketBeat
- Vena Magic! Why Union Pacific Just Hit A Grand Slam [Seeking Alpha]Seeking Alpha
- Union Pacific Co. (NYSE: UNP) had its price target raised by analysts at Susquehanna from $255.00 to $270.00. They now have a "neutral" rating on the stock.MarketBeat
UNP
Earnings
- 4/25/24 - Beat
UNP
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/11/24 - Form 4
- UNP's page on the SEC website