Union Pacific Profit Falls on Weaker Freight Demand

The railroad beat expectations on earnings but signaled dimming strength in industrial, intermodal businesses

Pricing and volume in Union Pacific’s intermodal segment fell last quarter from the previous quarter.Union Pacific’s profit fell 19% in the third quarter to $1.5 billion, beating expectations, while the company reported declining freight rail volumes and revenue across key industrial commodities.

Earnings slid to $2.51 a share from $3.05 a share in the year-ago quarter. Analysts polled by FactSet had been expecting $2.41 a share.Continue reading your article with

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