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Energy-Market Slump Weighs on Big Railroads

2016-01-22 02:57:53| Railroads - Topix.net

The dismal energy market slammed two of North America's biggest freight railroads in the fourth quarter, prompting them to slash jobs and driving profits below Wall Street's expectations. Union Pacific Corp. said it furloughed 3,900 employees last year amid steep declines in shipments of coal, crude oil and fracking sand.

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