(Reuters) -Union Pacific reported a 9% rise in third-quarter profit on Thursday, powered by strong pricing.The West Coast railroad operator’s quarterly net income rose to $1.8 billion, or $3.01 per share, from $1.7 billion, or $2.75 per share, a year earlier. Union Pacific said the results include merger costs of $41 million, or $0.07 per […]
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Railroad operator Union Pacific’s quarterly profit rises
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(Reuters) -Union Pacific reported a 9% rise in third-quarter profit on Thursday, powered by strong pricing.The West Coast railroad operator’s quarterly net income rose to $1.8 billion, or $3.01 per share, from $1.7 billion, or $2.75 per share, a year earlier.
Union Pacific said the results include merger costs of $41 million, or $0.07 per share, on a diluted basis.
Union Pacific announced plans in July to acquire rival Norfolk Southern in an $85 billion deal aimed at creating the first coast-to-coast freight rail operator.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Leroy Leo)