Closing Glance: Rails, shippers gyrate as oil up

By Associated Press May 16, 2008 Comments (0)

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Shares of railroads hit highs in early trading Friday, as investors reacted to a trade group report that said freight traffic rose last week, as oil prices soared to close over $126 a barrel after flirting with $128 earlier in the day.

Here's how major players performed Friday:

Union Pacific Corp., up $1 to $153. The stock hit an all-time high of $156.15 earlier.

Burlington Northern Santa Fe Corp., up 63 cents to $108.56. Shares reached an all-time high of $109.43 earlier.

CSX Corp., down 11 cents to $65.54. The stock reached an all-time high of $66.50 earlier.

FedEx Corp., up 9 cents to $90.95.

United Parcel Service Inc., down down 59 cents to $70.77.

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DocumentId: 647099, ~/articles/articlehandler.aspx, 7/24/2008 8:40:23 AM,

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