Union Pacific 4Q Profit Rises Despite Lower Volumes Weighing on Revenue
Union Pacific posted a higher profit in the fourth quarter despite revenue falling slightly due to a headwind from lower volumes.
The Omaha-based railroad company on Tuesday reported a profit of $1.85 billion, or $3.11 a share, compared with $1.76 billion, or $2.91 a share, a year earlier.
The per-share results were boosted by 30 cents from $234 million in industrial park land sales, but took a 5 cent hit from costs related to Union Pacific's effort to merge with Norfolk Southern...
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