Opening Glance: Rails, shippers fall as oil rises

By Associated Press May 15, 2008 Comments (0)

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Shares of railroads and shippers mostly fell out of the gate Thursday, as the price of oil climbed back above $125 a barrel.

Meanwhile, the broader market traded mixed, after the government reported that unemployment claims rose last week, while a separate report showed industrial production dropped by more than expected in April.

Here's how major players performed early Thursday:

Union Pacific Corp., down 83 cents to $149.12.

Burlington Northern Santa Fe Corp., down 38 cents to $106.80.

CSX Corp., down 45 cents to $64.96.

FedEx Corp., down $1.24 to $89.83.

United Parcel Service Inc., down 40 cents to $70.75.

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DocumentId: 645753, ~/articles/articlehandler.aspx, 7/24/2008 1:55:57 AM,

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