Union Pacific Cut 17% of its Workers, Will Cut 8% in 2020. Revenue Fell 9.5%, Income 10%. Bought Back $5.8 Bn in Shares. Stock Hits New High by Wolf Richter • Jan 23, 2020 • 100 Comments Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
Railroad Pain: CSX Revenues Fall Below 2014. Workforce -7%. But Hey, $3.4 Billion in Share Buybacks by Wolf Richter • Jan 17, 2020 • 115 Comments “Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO
