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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (16366)	7/9/2004 12:42:44 PM
From: ild	Read Replies (1) of 110194

2 Big Railroads Boosting Freight Rates From Times Staff and Wire Reports Two of the country's major railroads, Union Pacific Corp. and Burlington Northern Santa Fe Corp., are raising their rates amid swelling demand from customers shipping wares for the holiday shopping season. The hikes start Aug. 17 and apply mostly to Asian goods that travel by a combination of rail and truck from the West Coast. Omaha-based Union Pacific, the nation's No. 1 railroad by sales, boosted eastbound rates by as much as 9.5% for a Los Angeles-to-Chicago container, and Fort Worth-based Burlington Northern, which carries the most freight, is boosting prices 6.6% on the route. more... latimes.com

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