UP fuel consumption down?The Railroad's second quarter 2008 average quarterly fuel price was up 64 percent to $3.60 per gallon compared to $2.20 in 2007.
-- Despite high fuel prices, the Company's second quarter operating ratio improved nearly 1 point from 80.5 percent in 2007 to 79.6 percent in 2008.
-- The Company's second quarter 2008 fuel consumption rate, as measured by gallons per thousand gross ton-miles, was a quarterly best 1.216 versus 1.275 in the second quarter 2007. Paste.
Did rp new trains have anything to do with this decrease in fuel costs?
You have to wonder how UP cost can go up 64% and they had a quarterly best in FUEL saving ?
Maybe wishfull thinking on my part.
Littleguy