WEB Notes: All indicators are pointing to a slow down in the global economy. Shipping is down, rail is down and of course China is collapsing. Let me ask you what builds China’s economy? Producing the trash most of us buy in the stores. If their economy is collapsing and no ships are traversing the seas and rails movement is down that should tell you no one is buying the goods from China, at least there is a large reduction in demand.
Union Pacific Corp.’s fourth-quarter profit fell 22 percent as the railroad hauled 9 percent less freight and worked to cut costs to match the reduced demand.Its shares fell almost 5 percent in premarket trading Thursday.
Source: Union Pacific 4Q Profit Falls 22 Pct as Freight Volume Slows – ABC News