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Efforts to streamline operations and create surge capacity helped railway crews reroute the 50 to 60 daily trains that use the east-west main line that floodwaters severed for almost two weeks, Chief Executive Lance Fritz told Reuters. “We’re gaining traction. .. I see us coming back quickly and strongly,” Fritz said. Net income at Union Pacific, which serves the Western two-thirds of the country, rose 6.2 percent to $1.4 billion, or $1.93 per share, in the first quarter. That topped analysts’ average forecast of $1.89, according to IBES data from Refinitiv steampunk watch movement cufflinks.
Total operating revenue fell 1.7 percent to $5.4 billion. Weather and the U.S steampunk watch movement cufflinks. trade war with China reduced export grain carloads, but pricing rose nearly 2.8 percent. Expenses dropped 3.2 percent, assisted by workforce reductions and a switch to longer trains, which reduces fuel, maintenance and labor costs. The Omaha, Nebraska-based company early this year hired former Canadian National Railway Co executive and turnaround expert Jim Vena as its chief operating officer and tasked him with overseeing its plan to lower costs and improve service and reliability..
Union Pacific’s first-quarter operating ratio – a measure of operating expenses as a percentage of revenue – declined 1 point to 63.6 percent, despite the weather disruptions. A lower ratio means more efficiency and higher profitability. The railroad, which is working to get that key performance metric below 60 percent by 2020, said it was increasing network flexibility by reallocating investments. For example, it paused work on its $550 million rail yard facility in Brazos, Texas, and earmarked unused 2019 capital for projects along its southwestern “Sunset” corridor steampunk watch movement cufflinks. Seven rail lines converge at Brazos and the project, started in January 2018, was the largest facility investment in its 155-year history..
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West steampunk watch movement cufflinks. The CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network, the British newspaper reported, citing a source. Earlier this year, U.S. intelligence shared its claims with other members of the Five Eyes intelligence-sharing group, which includes Britain, Australia, Canada and New Zealand, according to the report bit.ly/2KT7ztd..
Huawei dismissed the allegations in a statement cited by the newspaper. “Huawei does not comment on unsubstantiated allegations backed up by zero evidence from anonymous sources,” a Huawei representative told The Times. The company, the CIA and China’s Foreign Ministry did not respond immediately to requests for comment. The accusation comes at a time of trade tensions between Washington and Beijing and amid concerns in the United States that Huawei’s equipment could be used for espionage. The company has said the concerns are unfounded steampunk watch movement cufflinks.