Union Pacific Corp
UNP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$192.00 | Vbtw | Thfwfmhns |
Union Pacific Earnings: Intermodal Struggling Amid Retailer Destocking and Truck Competition
Wide-moat Class-I railroad Union Pacific's second-quarter top line trend flipped negative, falling 5% year over year on lower intermodal volumes, easing accessorial income, unfavorable mix, and now-declining fuel surcharges. Revenue came in shy of our forecast on greater-than-anticipated deterioration in intermodal activity and pricing, though bulk and industrial end-market volumes weren't far off our expectations.