Comment on Union Pacific 3Q profit chugs ahead 19 percent

Union Pacific 3Q profit chugs ahead 19 percent

(AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates. Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $1.51 on revenue of $6.10 billion. Union Pacific reported the most growth in shipments of intermodal shipping containers, industrial products and agricultural goods. Coal was the only sector that didn't grow in the quarter but after the decrease in coal demand in recent years, reporting flat coal volumes and a 2 percent increase in revenue was positive.

 

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