(The Associated Press circulated the following on April 24.)
NEW YORK — Shares of railroads and shippers finished higher Thursday, as the broader market rallied, oil prices fell, and two railroads reported better-than-expected first-quarter results.
The nation’s largest railroad, Union Pacific Corp., reported quarterly earnings that topped Wall Street’s expectations. Meanwhile, Kansas City Southern said its first-quarter earnings nearly doubled, and came in ahead of analysts’ average view.
Here’s how major players finished Thursday:
Union Pacific Corp., up $2.90, or 2.2 percent, to $138.04.
Burlington Northern Santa Fe Corp., up $1.97, or 2 percent, to $99.53.
CSX Corp., up $1.41, or 2.4 percent, to $60.77.
FedEx Corp., up $1.64 to $94.75.
United Parcel Service Inc., up $1.10 to $72.77.
Kansas City Southern, up 53 cents to $42.05.