Executive Briefings

North American Railroad Chiefs See Even Growth in First Half of 2013

Steady, albeit slow business growth. A U.S. economy that continues to expand, but at a moderate rate. Weak fundamentals in most markets in the first half. Those are some of the comments of chief executive officers of Class I railroads as they assess the outlook for 2013.

Union Pacific Railroad President and CEO Jack Koraleski best summed up the execs' take on next year: Remain slightly upbeat "” and yet cautious "” about increasing volume. He also summarized a growth strategy echoed by his counterparts: Stay focused on business fundamentals, market diversity, service performance, productivity and innovation to drive financial results and lower the operating ratio.

"Ever-changing markets, regulatory uncertainty, tax issues and other financial challenges weigh heavily on business leaders and consumer confidence, impacting hiring and capital investment decisions by companies across many industries," said Koraleski. "Regardless of how the economy takes shape, we will remain disciplined and focused on providing excellent service to our customers and strong returns to our shareholders."

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Union Pacific Railroad President and CEO Jack Koraleski best summed up the execs' take on next year: Remain slightly upbeat "” and yet cautious "” about increasing volume. He also summarized a growth strategy echoed by his counterparts: Stay focused on business fundamentals, market diversity, service performance, productivity and innovation to drive financial results and lower the operating ratio.

"Ever-changing markets, regulatory uncertainty, tax issues and other financial challenges weigh heavily on business leaders and consumer confidence, impacting hiring and capital investment decisions by companies across many industries," said Koraleski. "Regardless of how the economy takes shape, we will remain disciplined and focused on providing excellent service to our customers and strong returns to our shareholders."

Read Full Article