(Source: Trains.com, January 25, 2024)
Union Pacific expects muted traffic volume this year due to a combination of a slow economy, lower demand for coal, and the loss of an international intermodal contract to BNSF Railway. For the quarter, operating income was flat, at $2.4 billion, on flat revenues of $6.1 billion. Earnings per share grew 1% to $2.71. The railroad’s operating ratio was 60.9%, up 0.1 points from a year ago.
Full story: Trains.com