Re: Union Pacific profit up 1% RR delivers more fertilizer, imported goods and chemicals
Author: If I were a shipper
Date: 01-29-2024 - 19:17
Guest Wrote:
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> And today it was announced they'd lost the APL
> contract to BNSF. UP intends to hold pricing
> margins. Gotta keep that 50% OR for Wall Street.
Just wondering, why does a shipping company like APL, JB Hunt, etc, need to be loyal to one rail carrier? Can’t they choose UP to reach Memphis and BNSF to reach Kansas City, for example? I guess I don’t know how these contracts are negotiated.