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Union Pacific shipping rates predicted to rise 5%

02/18/09 17:59

SHipping rates of Union Pacific is expected to go up by around 5%-6%, according to the CFO of the company.

The railroad shipping company mentioned pricing pressures from competitors, reduced freight load, and a lower price of fuel has kept the company from raising its price rates.

Despite that, the company expects more workload in the coming weeks as some automobile companies restart some of its idle plants.

[404 Check: was link to http:/ / money. cnn. com/ news/ newsfeeds/ articles/ djf500/ 200902121144DOWJONESDJONLINE000506_ FORTUNE5. htm, anchor: Link: CORRECT: Union Pacific '09 Shipping Rates To Rise 5%-6% - CFO]

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