Union pacific chief isn’t ruling out more job cuts _ money _ omaha. com

An amount Fritz termed as “hundreds” were trimmed from the managerial ranks late last year. Gas up the jet He wouldn’t say exactly how many people who work in the Omaha headquarters have lost their jobs over the past year.

Among the people who work on the rail and in the terminals — the conductors, engineers, track and yard workers — the company said in its earnings release Thursday that fourth-quarter furloughs of such union employees rose by 44 percent from October to 3,900.

All told, the 9 percent drop in fourth-quarter volume led to quarterly profit that fell 22 percent from a year earlier, to $1.1 billion. Hp gas online complaint Earnings per share were $1.31, down from $1.61 and missing the $1.43 average estimate of analysts polled by Bloomberg.

“I think more cuts will come,” said Logan Purk, a transportation industry analyst with wealth adviser Edward Jones. Gas exchange in the lungs happens by the process of “They certainly have made progress, but given how sharply volumes are falling, there is likely more opportunity to align assets with demand.”

» Coal continued its nose-dive, with shipments down 22 percent. Gas evolution reaction Electric utilities need less of it because they can also burn cheaper and cleaner natural gas. La gasolina mp3 U.S. J gastroenterol impact factor utilities derived 32 percent of their generation from coal in the quarter, down from 37 percent a year earlier.

» Shipments of intermodal containers, or those that travel via ship, train and truck, dropped 7 percent amid fierce competition from trucking firms.

“The impact on our railroad has been acute,” Fritz said of slumping oil prices, decreased coal demand and falling grain exports, speaking on a conference call Thursday with analysts and investors.

Low natural gas prices are making it rough for coal companies to sell their fossil fuel to utilities, hovering around $2.17 per million British thermal units. A gas has It would take a substantial move for coal to become competitive, said Matt Troy, transportation analyst for Nomura Securities, in research note Thursday on Union Pacific.

“Should natural gas begin to move above the $3 range, Union Pacific would be among the first to benefit from the switchback from coal to gas,” wrote Troy, who rates Union Pacific shares “buy” with a target price of $95. Electricity storage cost per kwh He noted that the direction of natural gas prices implied by futures contracts provides little optimism for such a scenario in 2016.

A bright spot for Union Pacific during the quarter was vehicles and vehicle parts, shipments of which rose 8 percent on the highest new-car buyer demand in 15 years.

The railroad malaise, however, isn’t just a matter of trucking firms taking advantage of low diesel prices to steal some market share from the trains, said Joseph Schwieterman, a transportation industry professor at DePaul University. 4 gases in the atmosphere He noted the almost across-the-board decline in volume among the freight categories.

“This is more like something bad is happening out there,” he said. Gas near me app “It appears manufacturers are scaling back in anticipation of some tough times ahead.”

A common theme on the company conference call, which included other Union Pacific executives than CEO Fritz, was that Union Pacific plans to adjust the payroll as management sees fit, given the worst slump since mid-2012, when volumes were flat or lower for six straight quarters.

“There is still more work to do to improve service and reduce costs,” said Cameron Scott, executive vice president of operations. Electricity 2pm “We will continue to adjust workforce levels as volume dictates.”

Chief Financial Officer Rob Knight told analysts and investors that the company, employer of about 44,500 overall, plans to be “very cautious with our hiring levels” for 2016. Z gas tecate A year ago, the second-largest U.S. Gas leak explosion railroad behind Texas-based BNSF employed 48,000. K electric bill payment online Union Pacific operates 32,000 miles of track in 23 Western states.

Part of the preparation is paring the capital spending budget that goes for network improvements and other investments in the business. Electricity bill calculator Union Pacific said Thursday it plans to spend $3.75 billion on capital improvements this year, down 13 percent from last year’s $4.3 billion.

Union Pacific is far from alone in its tussle against the great tsunami of economic ebb and flow: Total U.S. Electricity in costa rica voltage rail shipments for the seven Class I railroads dropped 6 percent last year, according to the Association of American Railroads.

Also Thursday, Canadian Pacific, one of the Class I lines operating in the United States, reported that fourth-quarter profit fell 29 percent. Electricity facts The Canadian railway with substantial U.S. Grade 9 electricity formulas operations said it plans to cut 1,000 more jobs this year. Gas 1981 Since 2012, the railway has cut between 6,000 and 7,000 jobs.

This month, Florida-based CSX said fourth-quarter profit fell 5 percent. Youtube gas monkey BNSF Railway, the Berkshire Hathaway-owned rival of U.P. Gas x reviews ratings in many parts of the West, usually releases fourth-quarter results just after its parent company, which is slated to report next month.

Amid the struggles, there is merger-and-acquisition talk. N gas in paris lyrics Canadian Pacific has an offer in excess of $30 billion pending before shareholders of fellow Class I Norfolk Southern, based in Virginia. Gas 4 less manhattan ks It has received only hoots and jeers so far from Norfolk Southern’s management. Gas laws worksheet answers chemistry Union Pacific, Fritz said, still opposes consolidations among the already concentrated industry.

“We don’t support mergers or consolidations in the current environment,” Fritz said Thursday, saying that federal regulators are insisting any combination enhance competition and improve service and that such an outcome is not likely to stem from any get-togethers.

Fritz said the company is monitoring prospective merger action, in response to a question on the conference call as to what Union Pacific would do if a wave of consolidation began that might force additional combinations by erstwhile bystanders that would not want to see rivals grow at their expense.