Investors eye freight US companies’ earnings for tariff effects
Union Pacific and Kansas City Southern report second quarter earnings amid worries that import tariffs could herald weakening demand for goods movers
14 July 2019 - 18:46
New York — Results from two major US railroads are likely to attract more scrutiny than usual as investors look for signs of how deeply President Donald Trump’s multifront trade war is affecting freight companies and the wider economy.
Among those reporting as the second-quarter earnings season kicks off this week are Union Pacific on Thursday and Kansas City Southern on Friday, amid worries that new US import tariffs threatened by the Trump administration could also herald weakening demand for goods movers, including truckers, container companies and package carriers...
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