( ) -q-27- UNDATED (Correspondent Jeremy House) “several years ago.” Union Pacific’s third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high. [CutID: <Cuts> UNIO-PACIFIC-PROFIT-house-q-FRIam.mp3 Time: 27s Title: UNIO-PACIFIC-PROFIT-house-q-FRIam Out-cue: several years ago] TAG: Correspondent Jeremy House reporting. The railroad’s revenue slipped 10% to $5.9 billion in the quarter […]
Audio
Union Pacific railroad’s quarterly profit falls 19% as volumes slow, costs remain high
( ) -q-27- UNDATED (Correspondent Jeremy House) “several years ago.”
Union Pacific’s third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high.
[CutID: <Cuts> UNIO-PACIFIC-PROFIT-house-q-FRIam.mp3
Time: 27s
Title: UNIO-PACIFIC-PROFIT-house-q-FRIam
Out-cue: several years ago]
TAG: Correspondent Jeremy House reporting. The railroad’s revenue slipped 10% to $5.9 billion in the quarter because of the lower volumes and the lag between when fuel prices increase and when the railroad’s fuel surcharge kicks in.
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VERBATIM: Meanwhile, the average speed of Union Pacific’s trains improved 5% as new CEO Jim Vena began to tweak the operations. Union Pacific said Thursday it earned $1.53 billion, or $2.51 per share. Those results topped Wall Street expectations. Vena says he’s focused on improving safety and service at the railroad. More cuts are possible but major changes aren’t expected because Union Pacific already overhauled its operation several years ago.