Tuesday, May 17, 2011

Union Pacific Railroad CEO Warns Against Overregulation -Fox Business

Union Pacific Corp.'s (UNP) chief executive, interviewed on Fox Business Network, cautioned regulators Tuesday against tinkering too much with a business model that he says "is working."
Jim Young said the transportation company saw consistent growth in all six of its business segments, from coal to agricultural products, in the first quarter, with major challenges coming from industries tied to construction and housing.
At a time when concerns over capacity and fuel costs have caused businesses to shift to rail from trucking, Young said Union Pacific has put more new capital into infrastructure over the past 10 years than it had in the preceding 30, with an estimated $3.3 billion this year alone. Continued

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