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UP reports lower Q3 2020 net income

(Source: Railway Age, October 22, 2020)

NEW YORK ó Union Pacificís net income of $1.4 billion for the third quarter of 2020 was down 12% from $1.6 billion in the third quarter of 2019. Operating revenue of $4.9 billion fell 11%, compared to $5.5 billion in 3Q2019. Third-quarter business volumes, as measured by total revenue carloads, decreased 4% compared to 2019. Premium volumes increased compared to 2019, while industrial and bulk declined.

Full story: Railway Age

Tuesday, October 27, 2020

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