Union Pacific railroad’s quarterly profit falls 19% as volumes slow and costs remain high ...Middle East

OMAHA, Neb. – Union Pacific’s third-quarter profit fell 19% as the railroad hauled fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations. The Omaha, Nebraska, railroad earned $1.53 billion, or $2.51 per share, during the quarter, That’s down from $1.9 billion, or $3.05 per share. But it tops the per-share earnings of $2.42 that Wall Street was expecting, according to a survey of analysts by FactSet Research. The number of shipments Union Pacific delivered slipped 3% in the quarter, and while costs improved about 4% they remained elevated at $3.76 billion. The railroad’s revenue slipped 10% to $5.9 billion

Hence then, the article about union pacific railroad s quarterly profit falls 19 as volumes slow and costs remain high was published today ( Thursday 19/10/2023 - 06:56 PM ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Union Pacific railroad’s quarterly profit falls 19% as volumes slow and costs remain high )

Last updated : 19 October 2023 clock 06:56 PM

Also on site :

Union Pacific railroad’s quarterly profit falls 19% as volumes slow and costs remain high ...Middle East

Pakistan, a mediator in the war, struggles to make itself heard.

Andre Russell creates history, joins elite 600-match T20 club

Pionnière du Réseau 2030 : la WBBA lance officiellement AI-Net, une certification de référence mondiale en communication de données

Video: Egypt’s national projects matter but citizens deserves priority: Mohamed Anwar al-Sadat

Why Andy Burnham should bring David Miliband into his cabinet

Xbox's gut-wrenching layoffs include the Elder Scrolls Online dev who became studio head around the time of last year's gut-wrenching Xbox layoffs

ENG vs IND Live streaming details, when & how to watch 2nd ODI of England vs India ODI Series 2026

Hegseth announces plan to screen military members' testosterone levels

Record 10 million over-65s to pay income tax amid threshold freeze

Woman Recognizes Furniture Worth ‘Thousands’ at Thrift Shop—Then Sees Price

The Illusion of European Prosperity

Sunil Gavaskar defends Shreyas Iyer and Team India amid BCCI review reports

Protesters rally in Kyiv as Zelensky moves to oust Ukraine’s defense minister

Boxing trainer to the stars Martin Snow says influencer broke his nose during gym brawl

Tracking air quality’s impact on Movies in the Park, Party in the Park, and other outdoor events