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Union Pacific railroad’s quarterly profit falls 19% as volumes slow and costs remain high
1 year, 2 months ago

Union Pacific railroad’s quarterly profit falls 19% as volumes slow and costs remain high

Associated Press  

— Union Pacific’s third-quarter profit fell 19% as the railroad hauled fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations. The railroad’s revenue slipped 10% to $5.9 billion because of the lower volume and the lag between when fuel prices increase and when Union …

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