By Tyler Durden
By Joanna Marsh of Freightwaves,
Extended chassis dwell times and a lack of dray drivers dampened Union Pacific’s intermodal traffic in the third quarter, but the railroad hopes volumes will rebound once the disruptions clear and consumer activity picks up post-pandemic, executives said during UP’s third-quarter earnings call.
“There are some really good-looking markers that tell us the economy is in a pretty strong place. And maybe we’ll stay there for a while,” President and CEO Lance Fritz said on the Thursday call.
