Union Pacific rate hikes push railroad's Q1 profit up 22%

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Jun 17, 2007
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Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share. Union Pacific's Chairman, President and CEO Lance Fritz said the railroad delivered solid financial results but failed to meet customer expectations for service.
 
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