(Reuters circulated the following article on November 1.)
CHICAGO — U.S. railroad Union Pacific Corp. saw freight volumes rise 3 percent in October compared to the previous year, the company’s top executive told CNBC on Wednesday.
The comments from Chief Executive Officer Jim Young are line with the company’s forecast when it reported third-quarter earnings on Oct 19 that freight volumes should rise between 3 percent and 4 percent in the fourth quarter.
Omaha, Nebraska-based Union Pacific is the largest U.S. railroad.