(Source: Associated Press, October 17, 2013)
OMAHA, Neb. — Union Pacific says its third-quarter profit rose 10 percent as higher shipping rates helped the railroad offset flat volume overall and last month’s flooding in Colorado that disrupted traffic. The railroad reported net income of $1.15 billion, or $2.48 per share, in the quarter ended Sept. 30. That’s up from $1.04 billion, or $2.19 per share, a year ago. Its revenue grew 4 percent to $5.6 billion.
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