Washington Post Staff Writer
Friday, January 29, 2010
A year ago, the Union Pacific railroad was scouring the country for places to park its idle freight cars -- about 60,000 of them. With auto, coal and chemical shipments plunging, Union Pacific's chief executive, James R. Young, was also scouring the landscape for a bright spot.
...
Union Pacific still has 44,000 idle freight cars and 1,700 idle locomotives. And its freight car loadings are still running nearly 20 percent below the peak levels of a couple of years ago. Young worries that what's really behind the pickup in GDP numbers is that companies have stopped running down inventories and their actual sales to customers haven't changed much.
"I'd say things are stable and maybe there are some signs of strength, but we've got a long ways to go," Young said Thursday. ...
No comments:
Post a Comment