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American Union Pacific Railroad, which owns the largest rail network in the United States, reported that in the first quarter it had recorded a net profit of $1 billion 391 million, which is 6% more than in the same quarter a year earlier. Earnings per share of 1 dollar 93 cents exceeded analysts' forecast of 1 dollar 89 cents per share. However, quarterly revenue of $5 billion 384 million was lower than economists estimate of $5 billion 480 million. Its annual rate fell by 2%. In the past quarter, the company reduced revenue from freight by 2%, reducing the volume of freight also by 2%. The decline in revenues from the transportation of agricultural products was 3%, from the transportation of energy carriers - 16%. At the same time, revenue from the transportation of industrial products showed an increase of 5%. Revenue from the transportation of premium goods rose by 3%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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