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Union Pacific profit falls on lower volume

Published 10/22/2020, 08:23 AM
Updated 10/22/2020, 08:25 AM
© Reuters. A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle

LOS ANGELES (Reuters) - Union Pacific Corp (N:UNP) on Thursday reported a fall in quarterly profit after it transported fewer carloads of goods by rail.

The Omaha, Nebraska-based railroad operator's third-quarter net income was $1.4 billion, or $2.01 per share, down from $1.6 billion, or $2.22 per share, a year earlier.

© Reuters. A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle

Total operating revenue fell 11% to $4.9 billion.

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