My wife just texted me, "UP is going crazy, up 9%!"; we dabble in a few shares. But given the news I suspected something was afoot, and it was. The new COO, Jim Vena, was a lieutenant to Hunter Harrison in the implementation of so-called "precision scheduled railroading". PSR is apparently seen as a solution to UP's congestion problem.
My feeling is it's good for the stockholders
du jour, not so much for employees, infrastructure, shippers, long-term, etc.
