UP absorbs third-quarter hit

Any way you slice them, Union Pacific’s third-quarter 2016 financials aren’t good. Based on “an unstable global economy, the relatively strong U.S. dollar, and continued soft demand for consumer goods,” in the words of chief executive Lance Fritz, nearly every metric compares negatively to the prior-year quarter. Yet, “certain segments of the economy, such as grain and energy, are showing signs of life.”

UP: PTC making steady progress

Union Pacific on Oct. 6, 2016 updated its Positive Train Control (PTC) implementation program. Through Sept. 1, 2016, UP has invested $2.1 billion in PTC. The railroad’s current estimate for PTC’s total cost is about $2.9 billion.