(Source: Associated Press, April 22, 2016)
OMAHA, Neb. — Union Pacific’s first-quarter profit fell 15 percent, hit by a steep decline in the amount of freight hauled as a result of weak energy and commodity prices. The railroad based in Omaha, Neb., said Thursday that it earned $979 million, or $1.16 per share. That’s down from last year’s $1.15 billion, or $1.30 per share.
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