July 19, 2017 - mysanantonio.com -
NEW YORK (AP) — Union Pacific Corp. reported a boost in second-quarter profit on Thursday as coal and industrial product shipments pushed revenue higher.
The railroad operator saw healthy gains in coal shipments despite a steady slide in demand. Competitor CSX also reported more coal shipments during its second quarter, though it expects coal to continue its long-term decline as utilities switch to cheaper natural gas.
Union Pacific's profit jumped 19 percent to $1.17 billion, or $1.45 per share.
Read more: http://www.mysanantonio.com/business/article/Union-Pacific-beats-Street-2Q-forecasts-11301923.php
NEW YORK (AP) — Union Pacific Corp. reported a boost in second-quarter profit on Thursday as coal and industrial product shipments pushed revenue higher.
The railroad operator saw healthy gains in coal shipments despite a steady slide in demand. Competitor CSX also reported more coal shipments during its second quarter, though it expects coal to continue its long-term decline as utilities switch to cheaper natural gas.
Union Pacific's profit jumped 19 percent to $1.17 billion, or $1.45 per share.
Read more: http://www.mysanantonio.com/business/article/Union-Pacific-beats-Street-2Q-forecasts-11301923.php