Union Pacific stock jumps even as revenue misses on softening consumer markets, while CEO to step down after 8 years in the role

Shares of Union Pacific Corp. UNP shot up 8.8% toward an 11-month high in premarket trading Wednesday, after the railroad operator reported a second-quarter revenue miss amid softening consumer markets and higher labor costs, but said Chief Executive Lance Fritz is stepping down after more than eight years in the role. The company named Jim Vena as its new CEO, effective Aug. 14. Vena is returning to the railroad operator after serving as chief operation officer from 2019 to 2020.

8% toward an 11-month high in premarket trading Wednesday, after the railroad operator reported a second-quarter revenue miss amid softening consumer markets and higher labor costs, but said Chief Executive Lance Fritz is stepping down after more than eight years in the role. The company named Jim Vena as its new CEO, effective Aug. 14. Vena is returning to the railroad operator after serving as chief operation officer from 2019 to 2020. The company reported net income that fell to $1.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD-backed stablecoin pilot project launched by Pacific island nation of PalauThe Pacific island nation of Palau has launched a pilot project to use U.S. dollar-backed stablecoin as a central bank digital currency. The country will release the first Palau Stablecoins (PSCs) in the pilot project to government employees. This comes after several days of testing using volunteers to make purchases with various devices.
Source: Cointelegraph - 🏆 562. / 51 Read more »