(Source: Reuters, January 21, 2016)
NEW YORK — Union Pacific Corp reported a lower quarterly profit on Thursday as slumping commodities prices and ailing industrial production hurt freight volumes, and the No. 1 U.S. railroad warned 2016 does not look much better for its business. The news sent the Omaha, Nebraska-based company’s shares down more than 7 percent to $68.20 in early trading.
Full story: Reuters