{"id":26802,"date":"2020-06-28T05:00:47","date_gmt":"2020-06-28T05:00:47","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=26802"},"modified":"2020-06-26T18:42:32","modified_gmt":"2020-06-26T18:42:32","slug":"ceo-lance-fritz-sees-optimism","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/ceo-lance-fritz-sees-optimism\/","title":{"rendered":"<CEO Lance Fritz sees optimism>"},"content":{"rendered":"<p>CEO Lance Fritz\u00a0sees \u2018signs of optimism\u2019 in multiple markets.<\/p>\n<p><!--more--><\/p>\n<p>\u201cAcross our markets, we\u2019re seeing a few signs of optimism,\u201d <a href=\"https:\/\/www.cnbc.com\/2020\/06\/17\/union-pacific-ceo-lance-fritz-sees-signs-of-optimism-in-multiple-markets.html\" target=\"_blank\" rel=\"noopener\">said\u00a0Union Pacific CEO Lance Fritz told CNBC\u00a0in a\u00a0\u201cMad Money\u201d interview<\/a>, stating that the railroad operator has reasons to be positive about its business as the U.S. economy recovers from its coronavirus-driven halt, as well as industries like automotive, housing and grain, the last of which is related to the U.S.-China trade deal.<\/p>\n<p>Union Pacific reported\u00a0operating revenues dropped\u00a0 3% compared with the same period a year earlier.\u00a0Due to that decrease, Fritz said, Union Pacific has had to furlough employees in roles such as train operators and car maintenance. Fritz said in an effort to share the burden across the company, management employees are required to take one unpaid week of absence per month for May, June, July and August. Executives and the board have taken a 25% pay cut, Fritz said.<\/p>\n<p>As the\u00a0U.S. economy has been pushed into a recession,\u00a0online shopping. peaked like never before, and the Union Pacific chief pacific noticed that. \u201cOur parcel business is up strong double digits right now,\u201d he said. \u201cWe are seeing the e-commerce demand flow through to our rail business.\u201d<\/p>\n<blockquote><p>\u201cThe whole idea was to make sure we maintain the flexibility to have the workforce we need when the economy comes back, but be prudent and react to be down 25% on volume (&#8230;) For us, it means the supply linkage between the U.S. economy, the Mexican economy and the Canadian economy are going to continue to grow and become more and more powerful,\u201d <strong>Fritz said<\/strong>. \u201cWe as a trading bloc are going to be much more competitive globally. It\u2019s just a home run.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>CEO Lance Fritz\u00a0sees \u2018signs of optimism\u2019 in multiple markets.<\/p>\n","protected":false},"author":8,"featured_media":26803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,3838,3839],"class_list":["post-26802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-lance-fritz","tag-union-pacific"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=26802"}],"version-history":[{"count":2,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26802\/revisions"}],"predecessor-version":[{"id":26805,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/26802\/revisions\/26805"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/26803"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=26802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=26802"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=26802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}