Union Pacific links freight shift to soaring diesel prices
Union Pacific said rising diesel prices are prompting some shippers to move freight from trucks to rail, boosting railroad demand as customers seek lower transportation costs.
Union Pacific said on Wednesday that surging diesel prices are prompting some shippers to shift freight from trucks to rail, lifting demand for the railroad as customers look to cut transportation costs. Speaking at the Morgan Stanley Laguna Conference, Chief Financial Officer Jennifer Hamann said...