UNP Delivers Solid 62.1% Operating Ratio Despite Weak Volume, but Core Price Gains Were Weak
Union Pacific produced a 62.1% third-quarter operating ratio, as carloads declined 6% and revenue dropped 7%; EPS slipped 9%. Coal and industrial volumes declined 14% and 11%, respectively, but agriculture increased 11%. International intermodal units were down 11% and domestic down 2% (flat excluding the impact of Norfolk Southern's discontinuing its Triple Crown product last year). However, total carloads improved 8% from the second quarter.ÂMost concerning to us is the mere 1.5% core price i...
Union Pacific, through its operating subsidiary, Union Pacific Railroad Company, is a Class I railroad operating in the United States. The company's network included route miles, linking Pacific Coast and Gulf Coast ports with the Midwest and eastern United States. gateways and providing several corridors to key Mexican gateways. The company serves the western two-thirds of the country and maintains coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. The company's business mix includes agricultural products, energy, industrial, and premium.
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