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Dassault Falcon 8X Sets New Cross Country Speed Record

Demonstrating unmatched airport performance, Dassault’s Falcon 8X recently set a new coast-to-coast speed record, flying from Santa Monica and its notoriously short 3,500 foot runway to Teterboro, New Jersey. The flight took just 4 hours and 28 minutes with overall poor tailwinds, averaging just five knots, over the trip.

“Business aviation is about flying precisely where you need to be. Today’s flight on the Falcon 8X embodies everything that advanced design can accomplish: unparalleled airport performance, a quiet noise footprint and extended capability, all in a large cabin business jet,” said Eric Trappier, Chairman and CEO of Dassault Aviation. “This is not possible in any other business jet in the ultra-long range class.”

The mission, with four passengers and 200 pounds of payload, beat a previous speed set when Santa Monica’s runway measured 5,000 feet, by 24 minutes. Santa Monica represents a specific challenge because of the length of its 3,500 foot runway and its strict noise abatement departure procedure. The airplane needed less than 2,000 feet of runway upon landing and a balanced field length only of 3,200 feet when it departed at 8:08 a.m. local time. Incredibly, the departure procedure and climb-out measured significantly below the 95 dBA SEL sound limit. The 8X landed in Teterboro at 3:36 p.m. local time.

The record is pending official ratification by the National Aeronautic Association (NAA) in Washington, DC.

The new speed record follows a series of records set in 2018, including a challenging mission from London City that crossed the Atlantic Ocean to Beverly, Massachusetts, an immediate suburb of Boston, in 6 hours and 44 minutes. London City’s stringent noise rules, short runway and steep glide scope limit the airport to very few aircraft types. All production Falcon aircraft are certified to operate at London City.

Since its entry into service in late 2016, the Falcon 8X has been widely recognized not only for its superior performance—including its ability to land at airports like Aspen, Lugano and Gstaad, Switzerland whose challenging approaches typically limit access to very few ultra-long range business jets—but also for its unrivaled comfort and ultra-silent cabin, the quietest in the industry.

Union Pacific Profit Beats Estimates

(Reuters) – Union Pacific Corp (UNP.N), one of the biggest U.S. railroads, on Thursday reported higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019.

Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, rose 3.3 percent to $159.37.

Its operating ratio – a measure of operating expenses as a percentage of revenue and a key metric for Wall Street – improved 1.1 points to 61.6 percent in the fourth quarter from the same period last year, the company said.

A lower ratio means more efficiency and higher profitability.

“We expect (2019) operating margins will increase as a result of solid core pricing gains and significant productivity benefits,” Chief Executive Lance Fritz said in a statement.

The Omaha, Nebraska-based company this month hired former Canadian National Railway Co (CNR.TO) executive and turnaround expert Jim Vena as its chief operating officer and said its operating ratio would fall below 60 percent by 2020.

Vena worked with Hunter Harrison, who led the revival of two Canadian railroads and died in 2017 after a short stint as CEO of CSX Corp (CSX.O), which recently set a 2019 target for a sub-60 percent operating ratio.

Union Pacific is cutting jobs, consolidating businesses and selling a corporate retreat to drive costs lower.

On a conference call on Thursday, Vena said “everything is on the table” as Union Pacific looks for further efficiency gains.

“I know the railroad has a vision in place to get to a 55 operating ratio already, and we’ll be working aggressively towards that goal,” Vena said.

Net income fell to $1.55 billion, or $2.12 per share in the fourth quarter, from $7.28 billion, or $9.25 per share, a year earlier when the company received a boost from changes in U.S. tax laws.

Freight revenue in the quarter rose 6 percent, lifting total operating revenue to $5.76 billion from $5.45 billion. Net core pricing was up 2.5 percent from the year-ago quarter.

Analysts, on average, expected a profit of $2.06 per share and revenue of $5.74 billion, according to IBES data from Refinitiv.

Terminal dwell, the amount of time rail cars sit idle in a terminal, was 26.7 hours for the quarter, an 18 percent improvement versus a year ago.

Union Pacific and Berkshire Hathaway-owned (BRKa.N) BNSF are the largest U.S. freight rail operators with annual revenue of more than $20 billion each.

(Reporting by Lisa Baertlein in Los Angeles and Rama Venkat in Bengaluru; Editing by Shailesh Kuber, Steve Orlofsky and Will Dunham)

Image from http://www.up.com

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