Looks like UP was about to blow their wad in the second quarter of this year. The Corona virus put a condom at that. They can't sustain the way that they are operating long enough, to let the stock market recover.
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Conspiracy theorists.
I thought it was a great analogy. Them attempting a bump and dump in the stock market. Then having a monkey wrench tossed in, at the final stage of the plan.
In the meantime, BNSF has stayed largely focused on increasing market share and customer service. They've been holding pretty steady at around 30000 more carloadings a week than us. Now they can weather the storm better by tightening their belts a little and implementing some efficiency initiatives without a full scale PSR adoption and come out on top. Meanwhile we can spin our wheels offering a 'premium service' that isn't really needed when dealing in bulk commodities.