Union Pacific Exec Says We Are Watching Closely Ongoing UAW Negotiations & Negative Impact They Are Having On Q4 Volumes As The Strikes Persist; Leveraging A Larger Workforce, We Have Reduced Borrow Outs To The Lowest Total Of The Year And Slowed Hiring
Portfolio Pulse from Benzinga Newsdesk
Union Pacific executive stated that the company is closely monitoring the ongoing UAW negotiations and their negative impact on Q4 volumes due to persistent strikes. The company has leveraged a larger workforce to reduce borrow outs to the lowest total of the year and slowed hiring.
October 19, 2023 | 1:10 pm
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Union Pacific's Q4 volumes are being negatively impacted by ongoing UAW negotiations and strikes. The company has managed to reduce borrow outs and slow hiring by leveraging a larger workforce.
Union Pacific is directly affected by the ongoing UAW negotiations and strikes, which are negatively impacting their Q4 volumes. This could potentially lead to a decrease in their stock price in the short term. However, the company's efforts to reduce borrow outs and slow hiring by leveraging a larger workforce may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100