Doesn’t sound like they expect much future growth.
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Agreed. You can only cut your way to prosperity for so long.
Stock will eventually tumble and a new ceo will go on an apology tour trying to win back all the customers they’ve run off
The up is 29 billion in debt now, In 2006 it was 5 billion in debt, The stock buy back scheme can only last so long, I already hear the investors asking about volume
Agreed the corruption runs rampant
Somebody is going to get criminally charged and imprisoned for the schemes and scams of over inflating the stock and value of this
Sess pool.
I don't even know why that's even an article. The company on the inside has been falling apart for quite some time now. PSR, stock buybacks, and other things have continuously inflated the stock price of a poorly run company. How can you have future growth when you have fees that make OTR trucking a much better option. How can you have any growth when you have 30,000+ employees that don't trust the company? There's an old saying that says you have to spend money to make money. If the UP wants to grow, then they're going to have to spend the money for equipment and personnel. Remember when the CEO said that PSR was to make the company more competitive? If this executive team doesn't WAKE UP, the competition will too far ahead for the UP to catch up.
Too bad, probably means more layoffs if true.