Sectors News Results

  • Transport Stocks Are Still Flashing Warning Signals -- Update

    Transportation stocks haven't hit a new high in 16 months, a potentially ominous sign for investors betting on a pickup in global growth. The Dow Jones Transportation Average-- which tracks the performance of 20 large U.S. airlines, truckers, railroads and shippers-- is still 4.4% below its record from Sept. 14, 2018. Over the same period, the Dow Jones Industrial Average has risen 11%, notching 31 closing highs along the way, according to Dow Jones Market Data. The transport stocks have...

  • Today's Logistics Report: Cutting Rail Jobs; Warehouse Demand Peaks; Screening China's Ports

    Sign up: With one click, get this newsletter delivered to your inbox. Union Pacific Corp. (UNP) is banking on shrinking its way back to profit growth. The freight railroad says it will cut nearly 3,000 jobs in 2020, the WSJ's Paul Ziobro reports, adding to the rapid decline of rail payrolls over the past year as shipping volumes have fallen and carriers have implemented the lean operating strategy known as precision railroading.

  • Transport Stocks Are Still Flashing Warning Signals

    Transportation stocks haven't hit a new high in 16 months, a potentially ominous sign for investors betting on a pickup in global growth. The Dow Jones Transportation Average-- which tracks the performance of 20 large U.S. airlines, truckers, railroads and shippers-- is still 3.7% below its record from Sept. 14, 2018. Over the same period, the Dow Jones Industrial Average has risen 11%, notching 31 closing highs along the way, according to Dow Jones Market Data. The transport stocks have...

  • Union Pacific Railway to Cut Its Workforce by 8% This Year -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Union Pacific Corp. (UNP) plans to run its railroad with nearly 3,000 fewer workers this year as the company pushes ahead with a new operating plan that runs fewer, longer trains. The Omaha, Neb.-based company said it plans to reduce its average number of workers by around 8% in 2020 after reducing its staffing by 11% in 2019. The...

  • Union-Pacific Says It Will Need 3,000 Fewer Workers in 2020 -- 3rd Update

    Union Pacific Corp. (UNP) plans to run its railroad with nearly 3,000 fewer workers this year as the company pushes ahead with a new operating plan that runs fewer, longer trains. The Omaha, Neb.-based company said it plans to reduce its average number of workers by around 8% in 2020 after reducing its staffing by 11% in 2019. The railroad averaged around 37,500 workers during 2019 and nearly 42,000 during 2018.. Union Pacific (UNP) is in the midst of a vast transformation of its operations as...

  • Union-Pacific Says It Will Need 3,000 Fewer Workers in 2020 -- 2nd Update

    Union Pacific Corp. (UNP) plans to cut nearly 3,000 jobs this year as the railroad operator pushes ahead with its new operating plan. The Omaha, Neb.-based company said it plans to cut its workforce by around 8% this year after reductions of 11% in 2019. The railroad averaged around 37,500 workers last year. Union Pacific (UNP) is in the midst of a vast transformation of its operations as it runs fewer trains with more cars.

  • Union Pacific to Cut Nearly 3,000 Jobs -- Update

    Union Pacific Corp. (UNP) plans to cut nearly 3,000 jobs this year as the railroad operator pushes ahead with its new operating plan. The Omaha, Neb.-based company said it plans to cut its workforce by around 8% this year after reductions of 11% in 2019. The railroad averaged around 37,500 workers last year. Union Pacific (UNP) is in the midst of a vast transformation of its operations as it runs fewer trains with more cars.

  • Parcel Carriers, Truckers Slashed Jobs in December

    Transportation companies slashed jobs in December, as logistics providers that are focused on e-commerce fulfillment retrenched and truckers pulled back in response to slowing industrial freight demand. Courier and messenger companies cut 9,400 positions last month, ending an eight-month stretch of growth for operators that deliver packages to homes and businesses, according to seasonally adjusted preliminary employment figures the U.S. Bureau of Labor Statistics...

  • California court says truckers exempt from 'gig worker' law

    California's new "gig worker" law does not apply to independent truck drivers because they are subject to federal statute, a Los Angeles judge ruled, handing a victory to one industry that is challenging a state effort to clamp down on labor abuses.

  • California court says truckers exempt from 'gig worker' law

    California's new "gig worker" law does not apply to independent truck drivers because they are subject to federal statute, a Los Angeles judge ruled, handing a victory to one industry that is challenging a state effort to clamp down on labor abuses.

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