Food for thought! Union Pacific restricts shipment on fertilizer.
Once again Atlas Shrugged is no longer fiction.
Is Jim Tagert running Union Pacific?
Union Pacific's plan to begin metering traffic as of today will curtail fertilizer shipments and put crops at risk, a major fertilizer producer says. “The timing of this action by Union Pacific could not come at a worse time for farmers,” CF Industries CEO Tony Will said in a statement on Thursday.7 days ago
According to Josh Linville, fertilizer director for StoneX Financial, Union Pacific was behind on its own shipments, leading up to the restrictions on private rail cars such as CFI’s, to catch up.
"Not only will fertilizer be delayed by these shipping restrictions, but additional fertilizer needed to complete spring applications may be unable to reach farmers at all,” Will said. “By placing this arbitrary restriction on just a handful of shippers, Union Pacific is jeopardizing farmers' harvests and increasing the cost of food for consumers."
“This really hurts fertilizer shipments as companies such as CFI rely on their own rail cars to move product. Logistics were already going to be tough this spring, this makes that situation worse,” Linville added.
Is Jim Tagert running Union Pacific?
Union Pacific's plan to begin metering traffic as of today will curtail fertilizer shipments and put crops at risk, a major fertilizer producer says. “The timing of this action by Union Pacific could not come at a worse time for farmers,” CF Industries CEO Tony Will said in a statement on Thursday.7 days ago
According to Josh Linville, fertilizer director for StoneX Financial, Union Pacific was behind on its own shipments, leading up to the restrictions on private rail cars such as CFI’s, to catch up.
"Not only will fertilizer be delayed by these shipping restrictions, but additional fertilizer needed to complete spring applications may be unable to reach farmers at all,” Will said. “By placing this arbitrary restriction on just a handful of shippers, Union Pacific is jeopardizing farmers' harvests and increasing the cost of food for consumers."
“This really hurts fertilizer shipments as companies such as CFI rely on their own rail cars to move product. Logistics were already going to be tough this spring, this makes that situation worse,” Linville added.
This corrosive liquid requires specialized trucks.
Honestly I became a teacher as my way of going Galt and working within the monster I hate.
I think the cost to transport fertilizer is lower via rail than via truck.
Possibly pertinent info on UP.
Who has the largest ownership of Union Pacific?
Wellington Management Company 15M
Bank of America Corporation 12M
Massachusetts Financial Services 11M Geode Capital Management 10M
Northern Trust 7.4M
Deutsche Bank Aktiengesellschaft 7.0M Bank of New York Mellon 5.8M
Norges Bank Investment Management 5.8M Goldman Sachs Group 5.6M
Franklin Resources 5.0M
Fisher Investments 4.9M
Jpmorgan Chase & Co 4.6M
Wells Fargo & Company 4.5M
Board of Directors
Andrew H. Card, Jr.
Former Chief of Staff to President G.W. Bush
Government
William J. DeLaney
Former Chief Executive Officer
Sysco Corporation
Business
David B. Dillon
Former Chairman
The Kroger Company
Business
Sheri H. Edison
Former Executive Vice President and General Counsel
Amcor plc
Business
Teresa Finley
Former Chief Marketing & Business Services Officer
United Parcel Service, Inc.
Business
Lance M. Fritz
Chairman, President and Chief Executive Officer
Union Pacific Corporation and
Union Pacific Railroad Company
Deborah C. Hopkins
Former Chief Executive Officer
Citi Ventures
Venture Capital Investing
Jane H. Lute
President and CEO
SICPA, North America
Business
Michael R. McCarthy
Chairman
McCarthy Group, LLC
Investment Management
Thomas F. McLarty III
President
McLarty Associates
Strategic Advisory and Advocacy Services
Jose H. Villarreal
Advisor
Akin, Gump, Strauss, Hauer & Feld, LLP
Law Firm
Christopher J. Williams
Chairman
Siebert Williams Shank & Co.
Investment Management
People like those on the Squad who apparently regard humans, as such, as "parasites", and therefore want such "parasites" destroyed, should begin with themselves.
It seems necessary to name the person to whose letter I am replying, as it seems the machine just never prints the "reply" where it is typed.
I am 70. I still care. But I think we may have a good chance to turn things around in November of this year. I don't like the overconfidence that some on the Republican side have been displaying, because it's not smart. But I think that there is still a good chance.
Besides that the only proper functions of government are (1) to protect people from force, including violence and fraud; and (2) to punish same; education teaches thought processes, and the government should definitely not be in charge of that--it necessarily leads to government thought control. We should have a separation of education and state, the same as separation of church and state.
Does Union Pacific have a coercive (government-enforced) monopoly on doing that business?
And what about transporting fertilizer by truck? Isn't that business somehow open to the trucking companies?
I use a cobra-snake for a necktie
I got a brand new house on the roadside
Made from rattlesnake hide
The first verse of one of my all-time favorite Bo Diddley songs…thanking you for the reference to it and making me recall the lyrics..interesting that he references a house in it, as well
Your examples of collectivization through regulation are very good. I assume the regulation also includes manipulation of tax codes to favor one entity over another.
Competition in the aerospace industry has been essentially dead for a long time. SpaceX had to fight an uphill battle to get into the government launch game, even when they had an operational launch vehicle competing against the yet to be produced ULA Vulcan. Boeing is the only producer of large commercial aircraft; Northrop had no competition for the new B-21 Raider; Lockheed is slowly becoming the sole producer of fighter aircraft (while Boeing is still producing upgrades to the F-18 and F-15, but that may be the last for them).
We've seen how the government pretty much owns the US auto industry, continually bailing the "big three" out. Remember the financial giants "too big to fail?"
Thanks for reminding us that we're headed toward the Communization of our nation, just in a sneakier way than was done in the USSR.
This is worth a nuclear war to prevent or undo.
Rudolf Starkermann , if I am not mistaken.
These words made me think of Stalin's collectivization of agriculture in the Soviet Union. Many independent farmers that didn't buy into the plan got one way tickets to the gulags. The whole thing failed then, too.
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