Well we are getting close to finding out just how much “damage” the covid19 virus did (PSR/Unified2020 plan caused most of the issues and those who actually are on the ground know this ship was sinking before the virus hit). Lets see how Lance and Jimbo spin this dumpster fire and promise it’ll get better. Wonder how much longer the carloadings are going to stay in the 120’s or will it finally go below 100, because companies are starting to open back up for business.
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UP wasn't hit that hard in Q1 because that was still at the beginning of the lockdown. Q2 is where the real hit is going to be.
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Car loading don’t mean everything. Especially to Wall Street.
If you have 20,000 carloads that brought in 20,000,000 With a profit of 2,000,000, you profited $100 per car.
But if you have 10,000 cars that brought in 10,000,000 with a profit of 1,250,000, you profited $125 per car.
You earned the same amount per car but were more profitable with less cars. Yes, the amount of profits were down because you did less business. In turn, doing less business cost you less to operate.
Climbing fast for now but that’s only because they claimed positive numbers, wait a few days and it will start tanking again the carloadings aren’t there and with industries starting to open back up the demand from what customers are left is going to bring issues to light once again. They thumped on improved safety that’s laughable people are still getting hurt the company just hasn’t reported it yet. They changed injuries and accidents to incidents so they can snowball the public.
Numbers were great! Shares climbing fast