Union Pacific 4Q Profit Rises as Fuel Expenses Drop
Union Pacific profit rose in the fourth quarter as the company tightened its fuel expenses and posted gains in core pricing. The Omaha, Neb.-based railroad company reported net income of $1.76 billion, or $2.91 a share, compared with $1.65 billion, or $2.71 a share, a year earlier. Analysts surveyed by FactSet expected earnings of $2.80 a share.