UNION PACIFIC REPORTS
SLIGHT RISE IN INCOMEBETHLEHEM, Pa. - Union Pacific Corp. reported second-quarter net income of $153 million, or $1.53 a share, on revenue of $1.78 billion.
In the same period a year earlier, UP earned $152 million, or $1.41 a share, on revenue of $1.16 billion.
Despite flooding, which restricted some coal movements, Union Pacific Railroad's carloadings rose 2 percent in the period. The railroad's income was $141 million on revenue of $1.17 billion, up from earnings of $136 million on revenue of $1.61 billion.
Overnite Transportation Co. earned $18 million on sales of $202 million, up from income of $16 million on sales of $179 million.
VAN OMMEREN IN NJ
CRANFORD, N.J. - Votainer Consolidation Services USA Inc. relocated the headquarters of its Van Ommeren Carrier Services Inc. trucking subsidiary to Cranford, N.J.
The move to Cranford allows Van Ommeren to use Votainer's computerized cargo tracking network and other resources of Votainer's U.S. headquarter staff. The new location also will bolster VOCS' planned expansion into Boston, Houston, New York and Florida, said Wayne R. Schmidt, Votainer's president.
Van Ommeren, which specializes in local pickup and delivery of less-than- truckload and full truckload freight for ocean carriage, was based in Compton, Calif.
CONRAIL NET INCOME
FELL IN SECOND QUARTER
PHILADELPHIA - Consolidated Rail Corp. reported net income of $74 million, or $1.46 a share, on revenue of $861 million, for the second quarter.
In the same quarter a year earlier, the big eastern railroad earned $82 million, or $1.19 a share, on revenue of $881 million. The number of Conrail shares on June 30 was 38 percent fewer than on June 30, 1989, primarily
because of the company's tender offer and open market stock purchase program.
Conrail said the 1990 results included a $9 million after-tax gain from the sale of its Cockeysville Industrial Track to the Maryland Mass Transit Administration.
8 GROUPS CALL FOR BAN
ON RADAR DETECTORS
ARLINGTON, Va. - The Insurance Institute for Highway Safety said eight groups have calledfor the Federal Highway Administration to ban radar detectors in commercial vehicles involved in interstate commerce.
Advocates for Highway and Auto Safety, American Automobile Association, American Trucking Associations, Insurance Institute for Highway Safety, International Association of Chiefs of Police, National Association of Governors' Highway Safety Representatives, National Safety Council and Public Citizen asked for the ban to improve truck and bus drivers' compliance with speed limit laws.