NEW YORK: Results from two major US railroads this week are likely to attract more scrutiny than usual as investors look for signs of how deeply US President Donald Trump’s multi-front trade war is affecting freight companies and the wider economy.
Among those reporting as the second quarter earnings season kicks off are Union Pacific Corp on Thursday and Kansas City Southern on Friday, amid worries that new US import tariffs threatened by the Trump administration could also herald weakening demand for goods movers, including truckers, container companies and package carriers.
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