Union Pacific reports rise in Q3 profit-March 2024-www.financetom.com

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Union Pacific reports rise in Q3 profit

Nov 2, 2024 8:52 AM

Oct 24 (Reuters) - U.S. railroad operator Union Pacific ( UNP )

reported a 9% rise in third-quarter profit on Thursday,

as higher shipments and price hikes offset declines in coal

freight volumes.

The company's net income rose to $1.67 billion, or $2.75 per

share, in the quarter, from $1.53 billion, or $2.51 per share, a

year earlier.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Shinjini

Ganguli)

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