Maybe CEO belief tariffs will hurt Main Street more than Wall Street.
Maybe he wants to sell some stock. I can’t think of any company more exposed to disruption of imports than UP.
Steve
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The only way we get the trade imbalance with China under control is by buying less stuff from China; there is no other way. When we buy less stuff from China there is less rail traffic to deliver it from the West Coast to all over the country.
Therefore, UP takes it up the keister. Of course that’s not their only issue, they have lots of other stuff to deal with; a recession does the same thing. Maybe cheap Canadian oil will make up the difference? Dunno.
When we import less/no stuff from Mexico, there is less rail traffic in the South West too.
Mexico shipments comprise about 10% of Union Pacific’s total volume. To support Union Pacific’s Mexico shipping services, the railroad employs a team of bilingual experts with expertise in international freight handling, border processes and Mexico rail systems.
Steve